FACTOID # 156: Tax makes up half of the of Gross Domestic Product in Denmark and Sweden. In Japan and the United States, it makes up less than 30%.
 
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Encyclopedia > Talent identification and management

Talent identification and management consists of the ways by which an organization spots talent and develops it.

Contents
1 Assess talent pool needs
2 Spot talent
3 Develop talent
4 Retain talent
5 External links

Assess talent pool needs

  • assess the capabilities present in the current members of the organization
  • gauge the capabilities needed by the organization
  • compare the two and determine the gaps

Spot talent

  • identify individuals with leadership potential
  • identify individuals with management potential
  • identify subject matter experts (SME's) and key knowledge holders
  • identify businesses which can improve your own business

Develop talent

  • establish individual development plans

Retain talent

  • establish recognition plans
  • establish reward schemes

External links

  • HR experts: http://www.ott-consulting.co.uk/
  • cool site: http://www.talentdevelop.com/

  Results from FactBites:
 
Identifying and managing your assets: talent management (2146 words)
It is the effectiveness of talent management in the organisation, as an outcome, which tends to drive evaluation as world-class.
Talent management is more than something to do, it is something to be, a way of working and achieving both short and long-term success.
Talent management is about the few, not the many, developing key people as leaders and role models for others.
workplace democracy: Information from Answers.com (2626 words)
Decentralisation of management functions, he claimed, gave him a combination of insider information and outsider credibility, plus the legitimacy of truly speaking for his workers in the same sense as an elected political leader.
Process management is usually reported as benefitting from the direct attention of the CEO, and professional development of the lower level employee is also facilitated, as they discover whether they feel fit to take leadership or not.
Talent identification and management take place at the same time, on the shop floor where it is easy to assess competence.
  More results at FactBites »


 

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