Development of Talent in the Organization...

Development of Talent in the Organization Building of the bench strength for the future is something which no organization can afford to ignore. With the competition steadily increasing and the present trends indicating that the talent pool is going to decrease, no organization can afford to ignore the identification and development of the talent of their employees. Given the ease with which business models can be copied, it is only the people of the organization along with their ability to learn and lead are the only sustainable source of competitive advantage for the organization. Talent development focuses on the planning, selection and implementation of development strategies for the organizational employees to ensure that the organization has both the current and future supply of talented employees to meet its strategic objectives and that development activities are aligned with organizational talent management processes. The organization which desires to sustain its success must have the best talented employees in order to succeed in the hypercompetitive and increasingly complex present day economy. Along with the understanding of the need to hire, develop, and retain talented people, the organization is to be aware that it must manage talent as a critical resource to achieve the best possible results. For managing talent The organization is to develop the capabilities of employees, nurture their careers, and manage the performance of individuals and teams. Organizational restructuring, globalization and competition highlight the need for both the organization and individual employees to be focused on investment in learning. Organizational talent development process almost invariably focuses on organizational needs and is an investment for meeting these needs. Organizational driven talent development focuses on a multiplicity of organizational needs such as succession planning, the achievement of business strategy, and the enhancement of leadership bench strength and...