Benefit for Organization
The following points explain how talent management can be beneficial for organizations −
⦁ Enhances individual and group productivity and capacity to compete effectively in a complex and dynamic environment to achieve sustainable growth.
⦁ Assists in hiring quality workforce.
⦁ Establishes better match between jobs and skills.
⦁ Helps retain top talent thereby reducing the cost of hiring new recruits.
⦁ Helps in understanding the employees better.
⦁ Keeps employees engaged constructively.
⦁ Effective use of available man-hours.
⦁ Helps develop leaders for tomorrow within the organization.
⦁ Helps in evaluating employee’s readiness to take up new roles.
Benefit for Employees
The following points explain how Talent Management can be beneficial for employees −
⦁ Promotes long-term association with the organization.
⦁ Persistent and higher productivity of employees.
⦁ Keeps the employees motivated which helps in career development.
⦁ Helps the employees get job satisfaction from their work.
Thus, talent management can be beneficial for both organizations as well as individual employees.
Comments
Post a Comment