Featured Image Caption: Benefits of Integrated Talent Management
‘Integrated Talent Management’ as a concept has been around for quite some time now. It has gained major popularity in the past five years as many organizations have been using this expression for describing an integrated approach to recruitment, development, compensation, performance management, learning and development planning.
How does an Integrated Talent Management Model Help Businesses Grow?
The best part of adopting a framework like this is that not only the human resources tasks operate efficiently but also by leveraging an ‘integrated system’, you can easily manage employees which helps the organization meet its business needs even more effectively.
Let’s understand this in detail with an example. So let us assume that you work as a manufacturer who wants to grow the business in Japan. By employing an integrated model, you would have the access to various procedures as well as systems that can help you determine the important leaders who can be assigned to do your work.
Furthermore, the model will guide you to establish a technical team for the business unit, develop the competencies as well as the culture of the people required in Japan to take on sales & services and finally introduce a local recruiting procedure which would be compatible to your firm’s global employment brand.
Instead of building a local HR enterprise doing its own stuff, you can implement an integrated talent management strategy that can provide you with certain tools (such as models, platforms, cultural standards and so on.) as well as an experience (What are the means to attract the right kind of customers towards our culture?) that is required to take full advantage of the current business opportunity.
Distinguishing Features of an Integrated Talent Management Model
Talent management practitioners in diverse organizations plan to replace their old talent management model with an integrated one. However, they need to comprehend this new model before making this decision. So through this article, we are going to assist them in understanding the integrated version of talent management.
The characteristics of Integrated Talent Management:
- Talent strategy along with the workforce plan are linked to the corporate strategy: With an integrated program a company is able to meet its human capital requirements as defined by the corporate strategy. Consequently, a clear-cut talent strategy along with a workforce plan are the primary means to ensure that the business and the talent management activities collaborate effectively.
- The talent strategy is aligned with the talent management procedures: The talent management activities are directed by the talent strategy as well as the workforce plan. Basically, in an integrated model, the talent management procedures are like marionettes while the workforce plan along with the talent strategy are considered as the puppet masters.
- Competency model for a common language: An evaluation of talent is made by every talent management procedure. A competency model is used to make sure that all the evaluations are being made using a common language so that every procedure is able to distribute the evaluative data to the other procedures.
By Lucia Adams
who is a professional writer and blogger.