"I am convinced that nothing we do is more important than hiring and developing people. At the end of the day, you bet on people, not on strategies".– Lawrence Bossidy, GE. This book is about talent, talent management, talent acquisition and about managing competencies in today's global and ever competitive corporate world. It is a book that has insights on talent management and competency management.
It is now important to create a talent-management strategy in sync with business strategy to make an efficient and effective business model in this dynamic economic condition. Today, "talent management" must be linked with competency-based management to get the most suitable employee for the job. Every industry has its own demands and requisites and its only imperative that talent and competencies are defined as per the requirement of various industries. Today, we have different business model. So we cannot have 'one shoe fits all' theory. Employees have to be right fit to perform the job properly.
Chapter – 1: This chapter discusses in detail about Talent Management, History, Scope of Talent Management, Need of Talent Management, Benefits and Limitations of Talent Management, Principles of Talent Management, Sources of Talent Management, Talent Gap Meaning, Strategies to Fill Gaps, The Talent Value Chain, Role of HR in Talent Management and Role of Talent Management in Building Sustainable Competitive Advantage to an Organisation.
Chapter – 2: This chapter focuses on Talent Management System, Key Elements of Talent Management System, Critical Success Factors to Create Talent Management System, Building Blocks for Talent Management, Effective Talent Management System, Building Blocks of Effective Talent Management System, Life Cycle of Talent Management, Steps in Talent Management Process, Importance of Talent Management Process, Essentials of Talent Management Process, Approaches to Talent Management, Talent Management Strategy, Developing a Talent Management Strategy, Mapping Business Strategies and Talent Management Strategies, Talent Management and Succession Planning.
Chapter – 3: This chapter covers Contemporary Issues and Current Trends in Talent Management, Talent Management Information System, Creating Business Value through Information Technology, Five Steps to a Talent Management Information Strategy, Contemporary Talent Management Issues, Talent Management Challenges, Current Trends in Talent Management, Best Practices of Talent Management, Ethical and Legal Obligations Associated with Talent Management and Talent Management in India.
Chapter – 4: This chapter details the process of Competency Management and Competency Mapping, Concept of Competency and Competence, Competence v/s Competency, Types of Competencies, Benefits and Limitations of Implementing Competencies, Iceberg Model of Competency, Competency Management, Benefits and Challenges of Competency Management, Competency Development, Competency Mapping and Steps in Competency Mapping.
This book is not limited to usual chapters with theoretical content but has cases and multiple choice questions for students to understand the practical approach to the various topics covered in this book. The multiple choice questions and cases help the students to get a practical overview also.
1. Introduction to Talent Management
2. Talent Management System
3. Contemporary Issues and Current Trends in Talent Management
4. Competency Management and Competency Mapping
Talent Management Glossary