This work defines finding talents as one of the top priorities of human resource management and reviews the practices, strategies and plans that can be implemented in order to attract and retain talented employees. It shows the external and internal channels by which the organizations can acquire the needed talents. At the end, it reviews the challenges facing human resource managers in this framework.
Finding the superior talent is the key issue for human resource managers across the world. This issue is being faced by large organizations since the business environment is changing rapidly, and the need for technological skills, professionals and the ability to operate under different conditions is growing fast. According to McKinsey, in addition to skills, knowledge, experience, astute, character and judgment, talent also includes the person´s ability to learn and grow. The so-called "war for talent" was expressed by the America´s largest management-consulting firm in 1998 when they published a report stating that "better talent is worth fighting for."
The gap between the demand and supply of talented people represents the scarcity of talents which form a challenge for the human resource managers. That brings us to the question, what practices, plans and strategies should be set and implemented by the human resource managers in order to attract and retain talented people? And what are the challenges facing human resource managers in finding the required talents for the organization?
Table of Contents
- Introduction
- Problem and Complications
- Scope of Work
- Finding Talents
- Organizational Attractiveness
- Practices and approaches
- Talent Retention
- Succession Planning
- Channels of Finding Talent
- External
- Internal
- Challenges
- Outlook and Conclusion
Objectives and Key Themes
This paper examines the crucial role of finding and retaining talented individuals in modern organizations. It analyzes the strategies and practices that can be employed to attract and retain top performers, taking into account the competitive global talent landscape.
- The challenges and opportunities of finding talented individuals in a dynamic business environment.
- The importance of building an attractive employer brand to attract and retain talented individuals.
- Effective strategies for talent retention, including succession planning and building a positive employee value proposition (EVP).
- Exploring various channels for finding talent, both internal and external to the organization.
- Addressing the challenges faced by HR managers in finding and retaining talented employees.
Chapter Summaries
- Introduction: This section introduces the topic of finding talented individuals as a critical aspect of human resource management, highlighting the challenges of the rapidly changing business environment and the increasing demand for skilled professionals.
- Finding Talents: This chapter delves into the concept of organizational attractiveness, emphasizing the importance of creating a compelling employer brand to attract and retain top talent. It examines the key elements of a strong EVP, including financial compensation, non-financial benefits, and opportunities for career development.
- Talent Retention: This chapter explores strategies for retaining talented employees, focusing on succession planning and the development of a positive employee value proposition (EVP). It examines different approaches to talent retention and the importance of creating a work environment that fosters employee satisfaction and engagement.
- Channels of Finding Talent: This section discusses various channels for finding talent, both within and outside the organization. It explores the advantages and disadvantages of each approach, including internal recruitment, external recruitment through job boards and social media, and networking.
Keywords
This paper focuses on the key areas of talent acquisition and retention in organizations, examining concepts such as organizational attractiveness, employee value proposition (EVP), talent retention strategies, succession planning, internal and external recruitment channels, and the challenges of finding and retaining talented individuals.
- Citar trabajo
- Anonym (Autor), 2017, War for talents. How can human resource managers attract and retain talented employees?, Múnich, GRIN Verlag, https://www.grin.com/document/514856
