Here is the requirement: For most firms today, success or failure is determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembled. Write a...

RUNNING HEAD: TALENT ACQUISITION

Talent Acquisition
Student‟s name
Name of the Institute
TALENT ACQUISITION 2
Contents
INTRODUCTION.................................................................................................................... 3
ATTRACTING AND RETAINING TALENT ..................................................................... 3
1. The two-factor theory (also known as Herzberg's motivation-hygiene theory or
the dual - factor theory) ....................................................................................................... 5
2. Maslow’s Hierarchy of Needs Theory ........................................................................ 6
3. Expectancy Theory ...................................................................................................... 6
CONCLUSION ........................................................................................................................ 7
REFERENCES ......................................................................................................................... 8
TALENT ACQUISITION 3
INTRODUCTION
Each and every organization formulates some goals/objectives and in order to achieve
these it needs a pool of talented people who are self motivated and who work hard towards
the accomplishment of these goals. This calls for the need of People and Talent Management,
oth of which help in attracting, retaining, developing and honing their employees‟ skills,
abilities and aptitude.
ATTRACTING AND RETAINING TALENT
In order to cure a problem, we first need to know the cause of the same, in the same
way the most important and primary step for a firm to work in the direction of attracting and
etaining their employees is to understand the causes which primarily contribute to their
dissatisfaction -
 Inability to cope up with the cu
ent atmosphere of the organization or find the
atmosphere unhealthy for learning and growth
 Inadequate provision for training and development and therefore the employee
doesn‟t feel confident about his/her future
 Dissatisfaction with the kind of work/designation which the employee is handling at
the moment and therefore the employee doesn‟t feel important to the organization
 Lack of provision of incentives by the top management
In order to encounter these issues the firm can take up various actions, these actions
would not only help in retaining the cu
ent pool of talented people in the organization but
TALENT ACQUISITION 4
also help to attract more skilled employees. One of the most popularly known approaches
used for the same is the ‘PRIDE Approach’. This is a comprehensive approach which takes
into account all the factors and the necessary actions a firm must take up. The actions are
listed as follows -
 Every employee expects to be in an organization which would help him/her to hone
their skills and have a secure future by being part of a good training and development
program. This expectation of the employees could be fulfilled by building a separate
„Capability Development Team‟...