3. Benefits of Talent Development Practices

-

 What is Talent Development? 


Talent Development support empower employees by engage them in learning and developing their skills to prepare for the future world. the world is changing rapidly developing the new talent and new technology, according to Coursera (2023) Talent development refers to workplace training and learning that expands employee effectiveness. Providing opportunities for talent development can give people the skills, knowledge, and confidence they need to perform productively and achieve greater success within your organization

The book published by Association of talent Development defined "the efforts that foster learning, employee engagement, talent management, and employee development to drive organizational performance, productivity, and results. To some, talent development is an important tool for unleashing human potential. To others, it is a set of practical capabilities for driving organizational results by creating the processes, systems, and frameworks that advance training and development strategies, succession planning, and learning opportunities."



Talent Development vs Talent Management 

Organizations employ talent development and talent management for their growth, but each of them is significantly different from the other.

Talent development engaged in enhancing employee skills and ability through learning opportunities. create employee engagement, performance, rapid growth by skills developing.

Recruiting, staffing, retain the top talents, it is strategy planning to hire the right people on right time to the work, and making best working performance.

Talent Development = developing, encouraging, and retaining employees.

Talent Management = hiring and maximizing talent.


Why organization should prioritize talent development


Survive with the new technology organization should invest on their employees to shape their skills to compete the market trends and needs, while hunting the talents to fills job there will be problem. According to Miguel Carrasco, Senior Partner at Boston Consulting Group, “not all of the surplus capacity in the workforce can be redeployed to meet new or growing demand.” therefore hiring the right candidate at the right time to the right place is essential.

Goals of talent development are. Preparing for the future, more employee engagement, foster continues learning and development culture, new opportunities, creative, improve the quality of work, progressing skills and employee retain.

According to LinkedIn learning (2018) 94% of the employees would stay at organization longer if it invested in their career, further 68% employees prefer to learn at work 58% prefer to learn at their own pace and 49% prefer to learn when needed. These studies are communicating the development of talent will help the organization to reach their goals.  




Effective Ways to Improve Talent Development in Organization 

Secure Visible Senior Support 

The leaders and senior manager should have a visible support by allocating the required budget, motivating employee and prepare the proper talent development programs to subordinates. 

Make Sure Organization Has a Clear Mission 

Make clear vision for the organization and communicate effectively to the employees to achieve it by giving direction and support.  

Look Within Organization 

By taking care of the employees with performance management, employee engagement, and rewards and comprehensive, and retain them in the organization

Get Creative 

To compete the rapidly changing world should to make effort on new approaches by new making place to new creative ideas  

Make Talent Development Part of Organization Culture

Developing culture of learning and development in the organization continuously this help to improve the skills of current team and good working environment

Use appropriate Talent Development Strategy 

There are lots of ways to for developing such as coaching, mentoring, projects, workshops, seminars, real life experience, measure the employees and providing them the correct method of training to sharpening their skills and ensure the organization have the correct strategy to recruit, manage and retain the employees and the process of it is communicated within HR team and management.

Adopt and Rethink What Normal Looks Like

Accepting the changes and adopt to this very soon with the required skills, technology and culture, 


As a conclusion organization to survive they should follow the strategy to of talent management and to retain the talent and making them performed by providing the required development for them by best talent development practices this will improve the profitability, employee engagement, creative and employee retention.  

 



References

 

Coursera, (2023) What is talent development? An overview of best practices [online]. Available at: https://www.coursera.org/articles/talent-development 

Daphne LeprinceRinguet (2021) Technology will create million of jobs [online]. Available at: https://www.zdnet.com/article/technology-will-create-millions-of-jobs-the-problem-will-be-to-find-workers-to-fill-them/

Ethical Angel (2021) 8 Effective ways to improve talent management in your organization [online]. Available at: https://www.ethicalangel.com/en/blog/ways-to-improve-talent-management (2021) 

LinkedIn learning (2018) The rise and responsibility of talent development in the new labour market [online]. Available at: https://learning.linkedin.com/resources/workplace-learning-report-2018

Pat Galagan and Morgean Hirt (2020) Capabilities for Talents Development [Page-9].  Association for Talent Development [online]. Available at:  https://d22bbllmj4tvv8.cloudfront.net/eb/be/10e6d66f4cd1a91a3f526f219bf5/111920-capabilities-for-talent-development-samplechapter.pdf 


Comments

  1. Mohamed SadikDecember 5, 2023 at 5:34 AM

    The mantle of responsibility for talent management and talent development predominantly falls on the shoulders of HR professionals or individuals in top management positions. Curiously, line managers seem to have limited involvement in the strategic aspects of talent management and talent development for employees. Consequently, HR professionals and top-level management must exercise caution in formulating policies and strategies related to talent management and talent development, recognizing the imperative of delivering the benefits encapsulated in these programs within the organizational framework

    ReplyDelete
    Replies
    1. Mohammed MahdirazaDecember 9, 2023 at 1:33 AM

      Yes, obviously HR Manager and the Higher management should make the strategies. Current example is according to greatplacetowork.lk best places to work in Sri Lanka Gamma Pizzakraft Lanka (Pvt) Lt Is holding rank 01. They are one of the organization who follow best HR practices for retain their employee by managing and developing their talent. As per the interview with Kaushal Mendis- Director People & Culture of Gamma Pizzakraft for LMD Business Magazine on 08-July 2022 he has answered as “We always focus on our employees’ personal and professional development. Gamma has a robust development framework available for all levels of employees and more than 75 percent of the leadership team is developed from within the organization” this shows their commitment towards developing employee and the result of it

      Delete
  2. MAHESH KULARATHNADecember 6, 2023 at 2:42 AM

    Important topic. Further adding to your topic talent management is becoming an important component of human resource management. According to Johns Hopkins University Human Resources, talent management includes the integrated organizational HR processes that work together to attract, engage, motivate and retain the best employees for a company. Talent development includes mentoring and coaching and on-the-job experience, which can help employees identify their goals, earn the capabilities they need to reach those goals and improve performance.

    ReplyDelete
    Replies
    1. Mohammed MahdirazaDecember 9, 2023 at 1:39 AM

      Yes, by providing best talent development plan can reach the organization and personal success. A study by LinkedIn found that companies with strong learning cultures are 58% more likely to meet their business goals and 17% more likely to be market leaders

      Delete
  3. Isuranga AyeshDecember 20, 2023 at 2:34 AM

    furthermore, leader's role is crucial in talent management. A leader's holistic view and overall responsibility are essential in driving the team towards common goals and contributing to the success of the organization.

    ReplyDelete
  4. Rochelle ShoaibDecember 20, 2023 at 3:26 AM

    Hi Mahdiraza, agree. This gives an extensive guide to improving talent development in organizations. Getting clear leadership support in improving talent management is essential since leaders are key players in resource allocation and staff motivation. Developing a culture of learning and emphasizing a clear organizational mission are in line with the goal of fostering a positive work environment.

    ReplyDelete

Post a Comment

Popular posts from this blog

6. Technology in Talent Management

-
Image
Introduction In today's fast-paced and competitive business world, talent management is being greatly influenced by technological advancements. HR leaders now have access to powerful tools that help them effectively manage and develop their workforce. AI-powered platforms for performance management and learning are just a few examples of how technology transforms talent management. Companies leveraging technology to attract and retain top talent, and revolutionizing their recruitment, training, and employee management processes provide a significant competitive advantage, making Communication and collaboration among employees and managers more efficient (Jena, 2023). Recruitment and onboarding processes have been streamlined, and performance which improved the tracking and evaluation. Technology enables HR teams to automate time-consuming tasks, allowing them to dedicate more time to strategic talent management initiatives. By utilizing data and analytics, HR professionals can ma...
Read more

4. A View into the Future of Human Resource

-
Image
A View into the Future of Human Resource  World is transforming superfast with new technology and skills in order to deliver better performance and support their employee organizations are preparing toward it. Successful HR professionals are always forcing them self to adjust their strategies and keeping them update time to time as per the new system. The future generation is focusing the work-life balance and convenient more rather than salary. New generation will take over, according to Amy Zimmerman (2020) You have got to convince people why they need to do the work, and it is not just you are paying to do it. As per the H. Mazor Global Leader – Human Capital Practice of Deloitte Gen Z and millennials wants to be authentically recognized at work, they want to take part in driving change through their individual work–and they are more likely to stay in their current organization when they feel empowered and motivated by the organization  Technology will be more improved...
Read more

1. Introduction to Talent Management in Human Resource Management

-
Image
  Introduction, Talent management is the process of developing and retaining employees with high potential. It includes identifying, assessing, and developing talent within your organization. Talent management also helps your organization plan for succession by identifying future leaders and ensuring they have the necessary skills and experience in key business functions. ( Coursera , 2023) further Talent management is the systematic attraction, identification, development, engagement, retention, and deployment of those individuals who are valuable to an organization. (CIPD,2023) therefore it is one of the core duties of Human Resource Management to acquire the best talents in to the organization and retain them. It is essential to maintain better talent management strategy which is dealing with recruiting new talents and provide them proper learning and development and measure and increase the performance, recognition, rewards, employee engagement and retention of employees all ...
Read more