General Awareness

April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

Talent Management is not limited HR function

MBA aspirants must be updated with General Awareness on current topics. General awareness topics with analytically drawn conclusions will benefit you in Essay writing   / GD & PI. Today, you will read General Awareness Topic: 

Talent Management is not limited HR function

Talent Management refers to Human Resources processes designed to attract and develop employees in an organisation. Through talent management, organisations create an environment in which employees perform at an optimum level. 

The cycle of Talent Management begins with recruitment. The Human Resources department should be able to attract job aspirants to their company. This is possible when organisations have systems in place to develop existing talent in the company.
Human Resources policies should be favourable to potential employees and the organisation should be viewed as an environment where people can hone their skills and rise in their careers.
Once a person is employed in the company, it is the responsibility of the Human Resources team to motivate the employee so that he performs at the optimum level. By providing the right training to employees, skills will be developed and the organisation can grow as an entity. 
By giving incentives to deserving employees, an organisation manages to retain the employees. This way, the knowledge of employees stays within the organisation instead of getting poached by competitors. Apart from developing the skills of employees, it is important to align the expertise of employees with the company’s strategy and goals. 
This will benefit both the employees and the organisation in the long run because employees will be working towards enhancing the quality of production of the organisation. 
A survey conducted by a consulting firm called Mercer confirms that high performers are three times more likely to seek new opportunities today than they would have a year ago. So, to manage and retain talent, Citibank India has come up with a breakthrough strategy. 
In 2012, Citibank India launched a programme to retain high performing female officers. This programme helps new mothers to secure their performance ratings even when they are on maternity leave. The policy secures the rating of the female officer for the year that she plans to take maternity leave and the average rating of the previous two years. 
The higher of the two ratings is considered, and this way, the performance rating of a female officer is not compromised even when she goes on maternity leave. Citibank India has also come up with succession and development plans to encourage high performers to take up leadership positions. 
Microsoft India, in an attempt to retain and nurture its in-house talent, has come up with a talent strategy to develop key talents in the company that make up 16 percent of the 6,500 employees.
In addition, Microsoft has also identified people with high potential, which makes up 4 percent of the employees. Microsoft grooms those with high potential by building their self awareness, confidence, abilities and capabilities. Microsoft also helps these leaders to expand their networks both within and outside the organisation. 
Talent Management is also similar to knowledge management, where the aim of the latter is to retain knowledge within the company. Companies spend a lot of time, money and effort in training employees and it is in the interest of companies to retain these employees.
Talent Management is about rewarding employees who are loyal to the company and help in the company’s expansion and revenue generation strategies. Talent Management is about creating a win-win situation for two parties in focus here – employees and the organisation. 
Although Talent Management is primarily carried out by the Human Resources team in a company, it requires the full support and commitment of the top management to see it through.
Read General Awareness Topics, Stay informed and inspired at MBA Rendezvous

Crucial Dates, You Should not Miss

Manav Rachna International Institute
of Research

Admissions Open for all MBA programme at Manav Rachna International Institute of
Research and Studies.
CII School of Logistics Amity University, Delhi and Mumbai
Admissions Open at CII School of Logistics Delhi and Mumbai campus, Apply Now!
GITAM School of International Business, Visakhapatnam
Admissions open for MBA programmes at GITAM. Application Deadline is February 20, 2018
Application Last Date for Online Submission - February 25, 2018
TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open at BIMTECH, Greater Noida
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is January 18, 2018.
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 29, 2018
Institute of Public Enterprise, Hyderabad
Last Date to Apply for IPE, Hyderabad is 21st January, 2018
IMI New Delhi
Admissions Reopened for PGDM Last Date to Apply January 21, 2018
Application closes on February 12, 2018 for Executive PGDM at IMI
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before January 20,2018
ICFAI Business School
Admissions Open at ICFAI Business School Apply Now!
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018

Admission Open Now

Following Colleges are accepting applications.


Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online
Get Connected with your Dream College  
Get Connected with your Dream College

Thank you

Get Connected with your Dream College
View More

Thank you