The Tipping Point for Talent Management

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The Tipping Point for Talent Management

HRM 53
August 20, 2011
James Anderson Sr.

The Tipping Point for Talent Management Discuss how the economic environment has influenced the need for talent management practices. As a matter of course, organizational expansion has been permitted by hiring additional people. On the contrary, today’s economic environment obliges that the productivity of existing workers amplify before new headcount is measured. Organizational expansion has converted from the number of talent to the value of talent. “In order to truly enable innovation and get rid of the band-aids that have been put in place during the "storm," companies must ensure that they have "A" players on board.” (“Economy,” 2011). As businesses hunt for new ways of improving workforce efficiency, talent management has become a fundamental component in launching a human capital management environment. Offering enormous business value, talent management is complex and continually evolving. Influenced by external factors such as the economy, global expansion and mergers and acquisitions, critical success factors for effective talent management include alignment with strategic goals, active CEO participation and HR management.
Discuss how globalization has contributed to the tipping point for talent management practices. The forces of globalization have represented one of the primary generators of enhanced talent management practices. Globalization opened national boundaries and allowed economic, political, technological and otherwise values and practices to transcend boundaries. A direct impact of the opening of boundaries was an increased organizational access to foreign resources, including capitals, technologies, commodities, but also labor force. Several organizations engaged in processes of outsourcing by which they took work outside one…...

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