Talent War started with technology, won by technology

Talent War is the latest buzzword that has caught fantasies of media and attention of the Business Performance Management Champions. Performance Management was the key word of 20th century, which has taken a new avatar as Talent Management in 21st century. It was not until the last decade of last century that Human Resources Managers / trainees heard of strategic HR Management as a subject in their curriculums. However, the story is not the same today.

Talent Management is the baby of Technology

With paper-based resumes supplemented by ads in the newspapers, which was the only medium to attract talent in their organizations, the talent movement from one organization to the other was limited within top-notch companies. Growth of Internet, especially easy access to talent pool through career and job portals, resulted in HR Managers taking headhunting to new levels. Emerging technologies created the necessity to bring more talented people on - board, a talent that could innovate, take risks and raise business to new heights. Thus, Talent Management emerged as the tool for Business Performance Management.

Talent War can be won by Technology

Iron sharpens iron, and the Talent War can be won only by using a cost effective and global standard Talent and Performance Management Software. Companies are chasing Human Resource Management Software vendors to provide sharpened tools to tackle Business Performance Management issues in a cost effective manner. Experts say that realistic Performance Management Software can help engaging your HR Managers in strategic tasks of understanding & utilizing technology to induct and develop the right talent in your organization. Demand & supply gap in talent has created a war like situation.


Talent War is all about recognizing, nourishing and retaining talent

A talent management war has three opportunities for success:

Talent Identification: at the time of recruitment and during performance appraisal. Failure to recognize talent is leads to discontentment & inadequate employee engagement. An automated system to track talent during the recruitment cycle and to evaluate employee performance & potential is a good weapon to fight the talent war.

Nurturing Talent: The second opportunity is about nurturing talent with the right training managed through pragmatic employee development plans. This requires planning tools that capture the right information on development needs of employees. Some Talent Management Solutions help in tracking the TNIs & offer state of the art training management information systems.

Retaining Talent: Introduction of systems that provide incentives based on performance, make each individual aligned to the organizational objectives, and which are fair, clean & transparent help in retaining talent. I
Conclusion

Acquiring a Human Resource and Performance Management Software is tending to be mandatory for an organization to fight and win the Talent War. How to select a cost-effective solution is a million dollar question!.



Source: www.empxtrack.com and www.saigun.com
Author: Gireesh Sharma, Sr. Content Writer, Saigun Technologies
Email: gksharma@saigun.com
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