Using talent management to drive a

culture of excellence
World is changing very fast and so the way to do business. According to an estimate
after five years from today the way to do business will be completely change of how
we are doing it today hence Talent Management in the current scenario has received
very much importance from the business world and acknowledged as the key for
providing a competitive edge and advantage by developing the top talents and
resources in an organizations.

Talent Management can be refer as a process of hiring and retaining the most
talented organizational resources/employees by building a supporting and a high
performing organizational culture. The Talent Management strategy should be
aligned with the overall business strategy for driving business at hight which involves
defining the leadership criteria for present and future, identifying core competencies
and developing those core competencies by providing training and knowlege.

For competing and staying ahead in the corporate battle, business leaders
plan and implement best possible efforts in talent management for acquiring
the best of the talent pool from the market and capitalizing proactively on the
available opportunities. Effective talent management strategies should be long term
focused and have various feasibilities or alternatives for making the best of the
available opportunities.

Anticipating change and creating an adaptable workforce: Technology is

changing very fast in today’s fast changing world, business leaders are in search of
managers who can adapt with the change quickly, proactively anticipate change and
adapt with it and always stay updated. The employees selected must poss the right
knowledge, skills and experiences, which can be acquired with proper training and
development and guidance programs. The company which have a strategic talent
development plan in place, offer the following advantages:

 Improves the ability of responding to the changes proactively instead of being

reactive by acting before other business are trying to cope up with the
changes.
 Contributes towards a control on the training costs, by laying more focus on
the essential skills to be improved in the employees.
 Enables recruitment of high performing staff/employees.

Aligning Talent Management Strategy with the Corporate Strategy

The Talent Management strategy should be the main focus of corporate strategy and the future
business goals, as it would result in advanced productivity, focused approach and an integrated
involvement from all the functional departments. Goal alignment creates a sense of employee
ownership and accountability amongst the employees, thus improving their commitment towards their
job and overall motivation.

Over the next 2 decades one of the most crucial resource which would be defining the
competitiveness of any organization is the talent and the ability of an organisation to adapt with the
changes .
Hence, in the fast changing corporate, identification of the best fit for the best jobs is one of the major
challenge which any HR department is faced with in the present scenario. Hence a well-crafted talent
management strategy in alignment with the corporate strategy can save a lot of cost.