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Talent Management in HRM

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What is talent Management??? Talent management is an organization's commitment to recruit, hire, retain, and develop the most talented and superior employees available in the job market The Seven Components of Talent Management…… ·         Strategic Employee Planning. Developing your organizational goals and strategic plan is the first step. ... ·         Talent Acquisition and Retention. ... ·         Performance Management. ... ·         Learning and Motivating. ... ·         Compensation. ... ·         Career Development. ... ·         Succession Planning. The Talent Management Process…… According to the   CIPD process of talent management has been defined as, ‘the systematic attraction, identificati...

Employee Relationship in HRM

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Why employee relationship is important and what benefits does employer get …. ·    I mproves Productivity :  Good employee relationship will create a good work culture and work environment which will increase the motivation and moral   level of the employee. This will lead to improve the overall productivity level. ·          Increase Employee Loyalty:  Another benefit of good employee relationship is employee loyalty to the organization It will help to retain the skilled employees and also reduce the recruitment, hiring and training cost of the organization . ·          Reduces Conflicts:  When there is a friendly and efficient work environment the chance for conflicts will be reduced. Which means employees will be able to focus more on their tasks and improves the output and productivity levels. ·          Incre...

MN7181 MODULE GUIDE: PEOPLE AND ORGANISATIONS: PRINCIPLES AND PRACTICE IN GLOBAL CONTEXT

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21 st October 2018 Introduction to Human  Resource  Management The success of any organization is largely depending upon the people who are working for the organization.     Hence, people or the “Human” factor of the organization is the most important element or a “Resource” in achieving any organizational objective. Having a talented, skilled, motivated, efficient, dynamic & knowledgeable workforce with right attitude is a dream of any organization as it will lead to maximize the performance and help reach to the targets or objectives easily. Human Factor: A Change From  Variable Cost .......to An Asset!!! With the industrial revolution (1760-1820) the concept of managing people has been changed as organizations have identified the importance of their work force and start treated them as an “Asset” and not like a “Cost” as they used to treat them early. With this revolutionary conceptual change a new concept of “Human Resource Mana...