MN7181 : People & Organisations : Principles & Practice in global context - Strategic employee resourcing & talent management

Strategic Employee Resourcing & Talent Management 

Strategic Employee Resourcing

All employers meet the challenge of how to meet required staff needs while preparing them self for strategic business goals.Simply,enrolling skillful employees to an organization is considered as employee resourcing. This resourcing should be aligned with strategic planning & overall business objectives of the organization to achieve it's business goals effectively & efficiently. 

According to Taylor (2002) 'effective hiring & firing , attracting best applicants, reducing  staff turnover & improve employee performances are core managerial functions & relevant for all type of organizations'.  

(Source : Resourcing Key Contacts)

There are 5 steps in effective employee resourcing in large scale organizations as follows

1.Planning :
Preparing & designing streamlined method to absorb competent people to meet short & long term goals.

2.Recruitment :
Enrolling suitable people in to the organization by traditional & newer models such as past experience, matching attributes, one to one interviews, task oriented matching, competency & cultural fit

3.Deployment :
Effectively assigning employees to given set of task in the organization

4.Performance :
Evaluation of task done by employees in order to check the quality of accomplishing task & further improvements.

5.Change Management :
Common term which can use for all approaches to prepare & support individuals, teams & organizations in making organizational change. 

Common selection techniques 

* Calling applications
* Interviews
* Tests (psychometric , personality etc)
* E Recruitment 
* Assessment centers 

Talent Management

Talent management is the process of systematic identification, allocation & development of valued employees of the organization since they have successfully completed their roles & posses huge future potential to the company.According to DEA (2009) 'a talent is an individual with special competencies & these competencies are strategically important to the organization'.  

Components of talent management

* Strategic employee planning

Identifying roles & personnel who drives organization to goals.

* Talent acquisition & retention

Bringing new talent to the organization, cultivating existing talent where already in house & make them available with the organization as longer as they can

* Performance management

Assigning right person with right roles so they can drive organization to the success & employees can develop them self at the same time. 

* Learning & motivating

Acquiring information & skills which gain knowledge & experience. Once employees see their own development through learning, their contribution towards the success of the organization, it will motivate them self as well. 

* Compensation

Connecting strategic goals with incentives which means recognizing employees , rewarding their contribution & acknowledging their value to company. 

* Career Development

Retain talented employees, internal recruitment for higher positions, foster future leaders by giving professional development tools. 

* Succession planning 
Identify required talent, key roles for achieving organizational goals & make arrangements to fill if those positions are vacant. 

Talent management pipeline development / Strategy

Talent Planning → Resourcing → Talent → Talent pool

Correlation between strategic employee resourcing & talent management

Organizations require skillful , competent work force to achieve respective goals & objectives in long term basis. Hence management need to utilize effective strategies to monitor & control proper employee resourcing at all times. Once skillful employees are enrolled to the company,management should identify specific strength, competencies which generally called as talent of the work force individually to nurture them in order to future growth of them & organization as well. Hence we can see clear correlation between strategic employee resourcing & talent management.  

Self learning 

* Learn the meaning of strategic employee resourcing & talent management process

* Identify the steps of strategic employee resourcing 

* Learn components of talent management & talent pipeline 

* Learn the correlation between strategic employee resourcing & talent management

References

Baqutayan, S. M. S., 2014. Is Talent Management Important? An Overview of Talent Management and the Way to Optimize Employee Performance. Mediterranean Journal of Social Sciences, 11, Volume 5, p. 2290.

Dontigney, E., n.d. Chron. [Online]
Available at: https://smallbusiness.chron.com/brief-description-employee-resourcing-15995.html
[Accessed 09 12 2018].

IIes, P., 2011. Employee Resourcing. Edinburgh: Edinburgh Business School.

Moore, S., 2013. Understand the Components of Talent Management. [Online]
Available at: http://www.bloomware.com/bloom-blog/2013/12/5/understand-the-components-of-talent-management
[Accessed 13 12 2018].