Talent Retention is a rapidly evolving function in the
corporate world today, even as every organization strives to move ahead of
others in their quest for organizational excellence. And with new technologies
and systems dealing with employee management and strategic people management,
it has become all the more important for HR managers and executives to be
updates about the latest news and trends in the world of talent management.
Here’s a look at some of the new and emerging practices in
the world of talent management that are being increasingly and rapidly adopted by
leading innovative companies across the world:
b: Almost every tech savvy individual
in today’s world is connected to the Internet, and to each other either from
their laptops or from their smartphones. This is more so in the case of
technological hiring, where the talent management of the modern tech startup is
increasingly tapping into online communities and interest groups to source
future leaders and individual experts in different technology platforms. The world of talent management
brings such new dimensions and perspectives on many different aspects of talent
acquisition in the modern age.
People Analytics: People Analytics are a very important
component in the world of talent management in the current decade. With more
than 60% of large corporations relying on some or the other form of technology
to manage internal human resources, the analysis of the data thus gathered is a
rich source of information for improvement of different metrics and areas where
Talent Management can make a difference, like time to hire, cost of retention,
employee sentiment and even employee flight risk. As people analytics becomes
more and more integrated into the overall Talent Management functions of an
organization, it is increasingly becoming evident that Talent Management will
bring into effect a revolution in the world of traditional HR methods and
practices, with employee retention, of course, being one of their vital
components.
Cloud Based HCM: Gone are the days of punching in at work
with a time card. Organizations today are looking at offering workplace
flexibility like never before. This is only the beginning, if experts in the
world of Talent Management are to be believed. Cloud based HCM systems, or
human resources management modules of ERPs, are now mobile enables, allowing
employees to check in at work using their smartphones, business owners paying
their employees digitally or even the project managers of large corporations
managing entire teams remotely. This is going to be adapted faster and at a
higher rate in the near future as well, with many of these technologies
becoming cheaper and more accessible by companies of all sizes. Yet another
factor that will help in talent
retention in an organization.
Personalized Learning and Development- Personalized learning
and development is a direct result of big data analytics technologies. With
technological innovations, performance of employees is being measured with a
far higher degree of precision than before. This has also directly led to
remedial measured being customized to an employee’s needs to enhance their
performance in the organization.
These are just some of the newest and most innovative ways
in which talent management is redefining traditional HR. There are lots more to
come, for sure.
Great explanation! thank you for the information! I quite rarely see blogs and forums since most of options are a big time waste. Although this post is completely opposite. Carry on the great job.
ReplyDeleteCheers!