Assessment 1 Essay on Talent Management Assessment item 1 – Written Assessment: ESSAY ON TALENT MANAGEMENT DUE DATE: 8th August 2014, Wednesday 2:00 pm WEIGHTING:40% LENGTH:2,500 words (±10%...

Introduction
Talent management provides a strategic and organized process for getting the right talent and it can help in growing the optimal capabilities that can help in keeping organizational objectives. The process involves the identification of vacant positions and talent gaps with a suitable employee. In the process of talent management, there is a string of elements that ensures the success of the organization. Talent management is managed with leadership skills that can help in providing the right training and management. It required optimization of existing strengths and skills that can help in growing touch point that supports the complete structure of the organization.
1. Put
In major hospitals, it was a concern that most of the employees are leaving once a new hospital is built nea
y. After extensive analysis it was found that employees are satisfied with the policies of the organization and the retention rate is also high. It means that the hospitals can take many actions for retaining staff.
Talent management provides full scope for HR processes for the development, motivation, attraction, and retention of high-performance employees. It is about setting the HR processes for integration. The talent management strategy is required for the capitalization of full potential. It touches on all critical factors of HR from performance management to employee on boarding.
In strategic human resource management, talent management is a key term and it is also committed to managing, developing, and retaining excellent and talented employees. It plays a critical role in business strategy for managing all important assets of the organization. This is required for organizations in making effort to effectively manage employees and this can help in the development of capabilities and skills (Widodo and Mawarto, 2020). Strategic talent management provides organizations with the opportunity to attract skilled and talented employees. It can help in attracting potential talents and contribute to the improvement of business performance for organizations. Talent management can help organizations in keeping employees motivated by creating more reasons for staging in the company and doing tasks. It equips an organization with tasks that need critical skills for addressing and planning specialized roles in the workforce for its employee. This ensures that the organization has a continuous flow of employees and it can help in filling critical roles that are required for running the organization. It provides a smooth operation and avoids extra workload.
Talent management as part of strategic human resource management can make it easier for the company to identify employees that are best suited for the job and it can lead to better performance (Shahi et al. 2020). It allows the organization in making conscience and systematic decision about the development and ensures that employees feel much more negated and provide better procedures for development. This is required for the increment of retention rate that can help the company in meeting operational requirements. It provides the structure that can help in the creation of a higher level of retention for saving the company higher performance and recruitment management costs. It helps employees in feeling more motivated and engaged which allows working in the direction of business goals. This is required for increasing business performance and increasing client satisfaction.
Talent management is an integral part of the healthy functioning of the organization on multiple levels. It works for keeping cu
ent employees and provides them with an advance higher position in the organization. Talent management starts with HR and provides initiative that works in areas like leadership development, compensation, and staffing. Talent management depends on the size of the company and it includes more specific job titles. In strategic human resources management, it can help the organization in filling the gap with critical skills and provide a plan for addressing specialized roles in the workforce (Kafetzopoulos, Psomas and Bouranta, 2022). It means that the organization can always have a continuous flow of employees with a critical role in ensuring operations. This is also beneficial for employees as this does not leave with the extra workload that can lead to burnout. It makes it easier for the organization to identify a good employee that is ideal for the development of organizational strategies. This ensures top talent management for organizations that stay longer. The process includes development, learning along with organizational vision and values. The approach is critically aligned with organizational strategy and it accounts for accessing the strategy. This requires the development of a workforce plan for the evaluation of initiatives along with the assessment of workforce talent and profile. Workforce planning is developed based on future desired state and workforce solutions. This ensures the selection of the right people with the right skills at the right time for working towards the strategy.
In the organization, the planning for talent management requires a division and a team that enables the organization to become integrative and provides the best use of available resources. The assessment is ca
ied out with talent for taking the right skills for stepping into higher-level roles (Almaaitah et al. 2020). The development of a workforce plan requires a continuous process and it includes initial planning for the development of major changes that are required in favor of the organization. Talent management depends on workforce...