Talent Management and Acquisition: A Concept of Human Resources Management
Keywords:
Talent, Talent management, Talent acquisition, organizational performanceAbstract
Today in the high unstable and uncertain business environment, there is a great need of talent which can bring major change in workforce and enhance the overall performance of the organization. But the biggest challenge that organizations are facing is the increasing scarcity of talents. Thus, there is a great need of effective talent management practices and strategies so that the best talent can be acquired as well as retained in the organization for a relatively longer period of time.Talent management is gaining prominence because it ensures the survival as well as success of the organization. The first step in the talent management process is talent acquisition. Talent acquisition can be understood as the process of identifying the true potential of the talented employees at the recruitment and hiring phase.For acquiring the right talent for the right job at the right time, the organization need to attract a number of candidates who are talented enough to handle the challenging work. The talented candidates possess the ability to pose a great influence on the present and future performance of the organization.The organizational performance can make or break the status of the organization in the market and help to create a competitive edge over its competitors.To emerge as a successful entity, the organization need to acquire right talent. This paper deals with the concept of talent acquisition, its challenges, and the recent trends which affect the organizational performance.
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