Talent Management Strategy
Assignment 3
HRM-532
Contemporary Business
Submitted by:
TJ McPhail
Submitted to: Dr. Daniel C. Frost
May 18, 2015

Formulate a talent management strategy to encompass the entire talent requirements of the organization. When discussing and planning your organization’s future, it’s important to consider not just the goals, objectives, and initiatives, but clearly how to accomplish them. The most important contributor is undoubtedly your employees. Aligning the organization’s business strategy with its employees is called talent management, and it encompasses aligning the right employee with the right position in the organization. Talent management is a business strategy and must be fully incorporated within all of the employee connected practices of the organization. Retaining and attracting talented employees, in a talent management system, is the responsibility of every tier of management in the organization, but especially the Human Resource managers who are in charge of hiring, training, and development. A successful talent management strategy also engages in the practice of sharing data regarding high profiled employees and their employment histories and accomplishments with all divisions of the organization. This process of sharing and transparency makes it possible for a range of departments to recognize available talent when opportunities become available. The charting of the staffs skills and strengths enable the organization to appraise the manpower that is not being utilized properly or to its highest potential. This is critical are for both the organization as well as the employee; the employee can be placed in the right position after a complete assessment of his abilities & interest and consequently the employee is more productive and satisfied.
In order to create an efficient talent management strategy,