Thursday, January 2, 2014

Different Aspects Of Model Talent Management

By Harriett Crosby


A special software application suite is used for the running of various pillars of talent management system. The model talent management applications incorporate a number of key elements. These include the recruitment and retaining of the human capital, learning, appraisal and compensation systems and also development cycles. Each of these elements is interlinked with each other for cohesiveness in an organization.

The traditional system focused solely on delivering the end results without taking the various elements of the system into consideration. This means that it focused on the transaction process. The control and resource allocation were the main elements. This means that providing the cohesiveness required was really hard as the main focus was on the output.

Strategic assistance is required in helping the organizations achieve their various goals. This is mainly in achieving the long term goals which go hand in hand with growth and prosperity of such organizations. The system therefore focuses on providing a number of items. Human capital is very critical in the long term. The human capital system is paired with additional integrated systems for support. This happens in recruiting, developing, getting additional workforce and retaining the available workforce.

The financial worth of the workforce ought to be assessed often. The evaluation is done in order to ensure that the workers add value to an organization. This is done through the analysis of work performance and efficiency. The input variants are weighted against the outputs. The production cycle has to be profitable for a company to remain productive.

There has to be a compensation system for the human resource system. The reward system differs from one organization to another. In most cases, compensation is in return after the normal work hours. Some organizations have a system of including the overtime pay in the payment schemes. Some benefits may be factored in also. These are commonly paid to the best workers in a specified period. This acts as a way of motivating the workers. It also ensures that the performers are rewarded for their work.

There are a couple of mechanisms that are put in place for the acquisition of workforce. The policies of recruitment and terms of hiring are determined by the company directors. The human resources directors and the managers are then entrusted with the role of sourcing the best brains to work for specific companies. The mechanisms of retaining them are also drafted by the directors.

Learning curves of workers differs depending on the company. Most of companies have adopted the on job training system as way of equipping the workers with the relevant skills and information. The training is done as the workers continue with their daily routines. This kind of training ensures that the workforce is well-trained on how to handle different problems.

The model talent management system ought to be integrated with the internal systems. The integrating works at boosting the flow of information form one department to another. The efficiency of work flow is improved as a result and this means that the general costs are minimized.




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