The document outlines objectives for acquiring talent and enhancing employee competence for global excellence. It emphasizes the importance of workforce strategies, including planning, capability assessment, and diversity, to achieve organizational goals in a challenging economy. Additionally, it highlights the need for a balanced approach that considers employees, clients, shareholders, and communities to maintain stability in workforce strategies.
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MBA TALENT AQUISITION
The document outlines objectives for acquiring talent and enhancing employee competence for global excellence. It emphasizes the importance of workforce strategies, including planning, capability assessment, and diversity, to achieve organizational goals in a challenging economy. Additionally, it highlights the need for a balanced approach that considers employees, clients, shareholders, and communities to maintain stability in workforce strategies.
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Module:2
•Objectives of the study:
1) To know acquisition of talent.
2) To understand the goals to Strategies 3) To make employees more competent for Global excellence. Introduction •Identifying and implementing workforce strategies in a challenging global economy is a high-priority issue for top executives. •To be successful, human resource professionals and business leaders together must grapple with the many variables that affect the organization's ability to attain its strategic objectives. •They must develop quantitative and qualitative approaches to efficiently and effectively. •To attract, engage and retain human capital. Specifically, to be effective, business leaders must focus on the five key areas discussed Contd.., •Workforce planning. •Organizational capability assessment. •Organizational development and structure. •Diversity and Inclusion. •Change management. Contd.., •Employers must pursue all their workforce strategies while taking into account employees, clients, shareholders and the communities served—collectively, a "four-legged stool." If one of these constituencies is not satisfied, the stool becomes unstable. • Workforce Planning: Analysing the organization's strategic goals. Determining competencies required to attain those goals (needs analysis). Conducting a talent assessment of the employee population. Performing a labour market analysis (availability). Identifying the gap between the current capabilities and the needs, which forms the basis of a talent-build (employee development), borrow (use of a contingent workforce and project-based work) or buy (staffing) matrix. • The resulting talent acquisition strategy will depend in part on the organization's life-cycle stage. Organizations in the introduction phase, for example, will emphasize acquiring exceptional as opposed to acceptable talent or building or moving talent. Organizational Capability Assessment • On completion of a workforce plan, the next step is to conduct an organizational capability assessment. • This assessment will focus on the factors that affect an organization's ability to attract, motivate and retain the talent needed to reach organizational objectives. Training Need Analysis-Can be provided
• Gap can be identified
• Special Orientation • Systematic training • Monitoring the performance • Making highly competent