TAILIEUCHUNG - Ebook Human resource management (12th edition): Part 2

(BQ) Part 2 book "Human resource management" has contents: Talent management and development, performance management and appraisal, variable pay and executive compensation, managing employee benefits, risk management and worker protection, employee rights and responsibilities,.and other contents. | CHAPTER 10 Talent Management and Development After you have read this chapter, you should be able to: ■ ■ Differentiate between organization-centered and individualcentered career planning. ■ Discuss three career issues that organizations and employees must address. ■ List options for development needs analyses. ■ Identify several management development methods. ■ 290 Identify the importance of talent management and discuss two issues it addresses. Explain what succession planning is and its components. HR Headline The Importance of Talent Management R ecently the emphasis on talent management has appeared on the HR scene in organizations of all sizes and industries. Some forces behind the emphasis on talent management have included: The impending retirement of “baby boomers” worldwide ■ Shortages of skilled workers of all types and levels ■ Increasing global competition for human resource talent ■ Growth in technology capable of automating talent management processes These and other factors have forced organizations to develop a more strategic, integrated, and automated approach to talent management. For example, TNS North America, a market research firm, has automated the use of individual employee competency assessment and development and linked these assessments to their performance management processes. In the . federal government, the Office of Personnel Management has developed requirements and guidelines. Called the “Human Capital Standards for Success,” they are designed to increase talent management practices such as training, development, and career planning across the entire federal civilian workforce of approximately million workers. As these examples illustrate, talent management has escalated in importance. Hence, additional organizations are likely to focus on it the near ■ 291 292 Section 3 Talent management Concerned with enhancing the attraction, development, and retention of key .

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