Specialization Project ABSTRACT

ON

Talent Management: Key for Organizational Success

For partial fulfillment of Post Graduate Diploma in Management, Triple Specialization

Submitted by

R.Lakshmi Ramya
Post Graduate Diploma in Management (HR, Marketing and Event Management) Roll No.:21081

Under the guidance of Dr. Chandra Sekhar SF

Chairperson- HR Area

SIVA SIVANI INSTITUTE OF MANAGEMENT

Secunderabad, (A.P.)

I.

Definition of Talent Management:

individually or collectively, have the capability to make a significant impact on the results of the firm, and whose skills are firm-specific. (Evans, Pucik & Bjrkman 2002)

1. Deliberate actions to attract, recruit, develop, and retain those individuals who,

2. Talent management is the systematic effort to recruit, develop and retain highly productive and promotable people. (Rothwell and Kazanas 2004) 3. Talent consists of those individuals who can make a difference to organizational performance, either through their immediate contribution or in the longer term by demonstrating the highest levels of potential.(CIPD 2007) 4. Talent Management is the systematic attraction, identification, development, engagement/retention and deployment of those individuals with high potential who are of particular value to an organization. (CIPD 2006) CIPD stands for Chartered Institute of Personnel and Development 5. Talent Management should be a 2 way relationship between the company and the employee The requirement of the organization + the offering by the potential employee = the mutual benefits of both the parties (Andre OCallaghan, 2008)

II.

Objectives of the study:

talent management system in an organization and for an employee.

1. The main objective of the proposed study is to know the importance of the

2. To know the process of talent management system. 3. To identify weather the cultural or organizational differences will show impact on talent of an employee. 4. To know the role of HR in talent management process.

III.

Importance of the study:

Talent management increases the organizational success. This paper will begins with an overview of talent management systems, process of talent management in an organization. As globalization rapidly increases, organizations consists of employees with different backgrounds. By this study I want to know about is it the cultural differences or organization culture differences leads to change in the

individual talents of an employee, which helps me to gain knowledge about Global Talent Management. Talent management includes all the essential functions of Human Resource. By this study I can able to gain more knowledge about recruitment, selection, training, performance appraisal and all the other functions which are included in talent management system.

IV.

Importance of talent management:

the recruitment cost.

1. As talent management attracts the employees towards work so it will decrease

2. Effective knowledge management: Every employee talent can be identified and it will be transferred to others. 3. Creating a competitive advantage 4. It improves client retention as loyal employees will give loyal customers

V.

References:
1. Talent Management for the Twenty-First Century by Peter Cappelli HBR 2. Talent Management :Driver for Organizational Success by By Nancy R. Lockwood, SPHR, GPHR SHRM Research 3. Talent Management and the Cultural Influences on Human Resource Management Processes by Lucica Stan 4. Talent Management - what is it? Why now? By Josh Bersin 5. Talent Management Review by Andre OCallaghan 6. Talent Management by Terry Meyer 7. The impact of Talent by Kelly 8. Strategic talent management: A review and research agenda by David G. Collings,Kamel Mellahi