Bundling Employee Resourcing and Talent Management; with practical examples
Talent Management
"Talent management is the systematic attraction, identification, development, engagement, retention, and deployment of those individuals who are valuable to an organization, because of their potential or the critical role they have"(Quilliam,2023)
Bundling employee resourcing and talent management can be identified as a strategic approach for the organization. This integration increases the efficiency and effectiveness of employees via managing the human capital of the organization which ultimately gives benefits to the company. Aligning resourcing with talent management is crucial to the business and here are some steps that can be taken to achieve this strategy.
To effectively manage talent within a company, it's important to identify key qualities in employees such as innovation, decision-making skills, positive attitude, and leadership skills. A talent management plan should be developed once the right talent has been identified. This plan should consider four key aspects (Kasun,2021): 1. Identifying the talent needed for the business. 2. Determining methods to measure employee potential. 3. Assessing both current performance and potential performance levels. 4. Developing and monitoring individuals identified as talents.
How does Google manage its talents from the point of resourcing?
- Peer Learning Culture - "Googler-to-Googler" is the latest model that allows any employee passionate about a topic, coding, public speaking, or guitar to conduct classes attended by colleagues globally. This peer learning culture is a significant part of its talent management strategy, contributing to the company's success by ensuring its workforce remains highly skilled, motivated, and innovative.
- Specialist Development Through Certifications - By continuously plugging bottom-up initiatives to fill Google's talent gaps & to slow down external hiring. This culture uplifts capability building as a collaborative, continuous responsibility, eventually uplifting Google's competitive advantage.
Importance of Bundling Employee Resourcing and Talent Management
Best talent is one of the competitive advantages for every organization. Bundling these two together it ensures the employee retention, and development of the organization while enhancing employee engagement, efficiency, effectiveness, and overall performance. Further, inspiring employees who feel genuinely invested in beyond transactional compliance is likely to support constantly which can fosters a stronger connection to the organization and enhances overall job satisfaction.Application of Google's Strategies to the Banking Sector
01. Peer Learning Culture
Most of the private banks in Sri Lanka such as DFCC, NTB, Commercial & Sampath has this pear learning culture but with different names.
However, the expectations of all these banks are the same. An experienced senior is assigned to the newly recruited staff member for the whole 01 month of period to support, guide, and to introduce all the policies, practices, and most importantly culture of the bank.
02. Specialist Development Through Certifications
Bock, L., 2015. How
Google Keeps the Best and Brightest Employees [Interview] (9 April 2015).
EDITORIAL TEAM
Talent Management Institute, 2024. Cracking Google's Code: Lessons from its
Cutting-Edge Talent Management. [Online]
Available at: https://www.tmi.org/blogs/cracking-googles-code-lessons-from-its-cutting-edge-talent-management
[Accessed 7 August 2024].
Kasun, S.,
2021. Resourcing and Talent Management. [Online]
Available at: https://www.linkedin.com/pulse/resourcing-talent-management-sameera-kasun/
[Accessed 7 August 2024].
Quilliam, G.
G., 2023. Talent management. [Online]
Available at: https://www.cipd.org/en/knowledge/factsheets/talent-factsheet/#
[Accessed 06 August 2024].
Report, A., 2023. Sampath Bank, s.l.: SAMPATH BANK PLC
Theodorsson,
U., Guðmundsdóttir, S. & Gudlaugsson, T., 2022. Talent Management in the
Banking Sector: A Systematic Literature Review. Researchgate, 61(2), p.
31.
Wylie, N.,
2023. Google Employee Engagement Strategy: What Can We Learn?. [Online]
Available at: https://www.refreshingacareer.com/google-employee-engagement-strategy-lessons/
[Accessed 7 August 2024].
One of known workplace implemented a broad talent management program that was with combined recruitment plans with ongoing employee development initiatives. This combination led to an environment where more skilled and engaged workforce, leading to improved performance and maintained turnover rates. By pushing employee resourcing and talent management, Company successfully enhanced its overall organizational effectiveness and growth in a very short span of Time.
ReplyDeleteThe examples of Google's innovative talent management practices, like the "Googler-to-Googler" peer learning model, underscore the impact of fostering a learning culture and continuous development. Overall, bundling these approaches not only drives performance but also strengthens employee engagement and satisfaction, positioning organizations for long-term success.
ReplyDeleteYes of cause. Not only google, but also any other industry can use this method to build fast learning and adapting culture.
DeleteThis article offers a clear and comprehensive overview of the critical role talent management plays in organizational success. The author effectively illustrates key concepts through well-chosen real-world examples of leading companies. By bridging theory with practical application, the article provides valuable insights for understanding and addressing talent management challenges.
ReplyDeleteThe article is short, sweet and insightful. I totally agree to the fact that you need to fact that resourcing and talent management need to be thoruoghly integrated as, they are in fact a integral part of each other and should be packaged as such to reach their maximum potential avoid wastes of human resources.
ReplyDeleteImpressive perceptions on compounding employee resourcing with talent management! ~The examples taken from Google / Spotify etc emphasize how this mixing and alignment would enhance efficiency and engagement. A complete approach like this can meaningfully improve employee retention and in the end the organizational success. Well done!
ReplyDeleteThe article does a great job of explaining how sourcing works in the banking sector with clear examples. It's really helpful for anyone looking to learn about this environment. Well done!
ReplyDeleteThis article has provided good recommendations for the HRM.
ReplyDeleteThis blog effectively underscores the transformative power of combining employee resourcing with talent management in an organization success. Great Article!
ReplyDeleteA comprehensive explanation on the talent management and employee resourcing is elaborated with relevant theoretical aspects.
ReplyDeleteArticle is with a clear explanation. Good job.
ReplyDeleteArticle is clearly explained the content.
ReplyDeleteThis blog provides an insightful look into how bundling employee resourcing with talent management can enhance organizational performance. By integrating these processes, companies can not only streamline their approach to managing human capital but also foster a more engaged and effective workforce. Practical examples from Google, Spotify, Valve, and the banking sector illustrate how these strategies can be applied across different industries to drive success.
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ReplyDeleteThis blog post provides us to how a comprehensive overview of talent management and its critical role in organizational success, especially when aligned with employee resourcing. The integration of these two functions seems like a logical and effective strategy for enhancing both employee performance and overall business outcomes. Meaning Full Article & Good Job
ReplyDeletePeer Learning culture is also one of the interesting style of learning and onboarding system. We also use the same for new employee on boarding system as we have introduced a system called "Mypal" which is very success now.
ReplyDeleteTalent Management is the key to success of the organization. This blog provides in-depth details on Talent Management and how its direct company to achieve its ultimate goal. Discussed strategies useful current environment like economic downturn.
ReplyDeleteThe strategic goal of integrating employees resourcing and talent management is clearly defined. You successfully connect how this integration promotes organizational efficiency and effectiveness through human capital management. Using Google as a case study is a great approach to base your topic in practical experience. The examples of Google's peer learning culture and specific development through certifications are educating and relevant to your issue.
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