Talent Management System

2007-07-24 08:31:47

( Computers )



Importance of Effective Talent Management

It is not enough that you hire the right people. Management theorists have stressed the importance of keeping your staff healthy in mind and body, and helping them maintain a high level of motivation.

You can enhance your staff's skills and motivation levels through various staff development or talent management programs. You can send your staff to team building or leadership seminars, or give them additional training in their fields of expertise.

Talent management is also about giving fair and timely performance appraisals, and rewarding your staff based on performance. In short, talent management integrates all the functions of human resources from the first day you hire your new employee.

What a Talent Management System Can Do

A talent management system has more than enough capacity not just for keeping employee personal records but also to monitor their work progress. The employee's personal and professional background information are kept as complete as possible and gives you a comprehensive idea of how the person might be performing in the future.

A talent management system aids you in setting the right objectives, then in determining quantifiable and realistic targets for each employee. The employee will be well-informed about the goals and standards and what is expected of him.
You will be able to automate a lot of time-consuming tasks such as performance reviews and work scheduling.

The system can be customized to suit your specific needs. For instance, advertisers and insurance companies can make use of agency management systems which can map out the training programs of the salesforce and reward their performances commensurately for achieving work goals.

How to Set Up Talent Management Systems in Your Company

There are various systems vendors you can contact online or by phone. You need to arrange an appointment so that you will be able to discuss with them thoroughly about your business set-up and corporate objectives. You also need to discuss with the vendor regarding your organizational structure and policies, work procedures, appraisal components, benefit and reward programs.

You can choose to maintain an in-house or web-based talent management system. Web-based systems are most practical if you have a global network or multinational set-up, because you can work closely with the human resources of an overseas branch right from your own office. Web-based systems also give you direct links to people who may be eligible candidates to fill in positions at your company.


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