Managing Your Talent: Please Respond To The Following 978303

Managing Your Talentplease Respond To The Followingreview The Vid

"Managing Your Talent" Please respond to the following: Review the video titled “ Talent Management †(3 min 44 s). Next, research the talent management process within the company you currently work for or a company you are familiar with. Choose which of the four (4) talent management approaches described in the video most closely describes the process at your selected company. Provide support for your response. Propose at least one (1) improvement in talent management that you would suggest for your selected company. Assess the type of value this improvement will provide for the company’s goal.

Paper For Above instruction

Introduction

The field of talent management is crucial to organizational success, as it involves attracting, developing, and retaining the talent necessary for a company's growth and competitive edge. This paper reviews a specific talent management approach as depicted in the video “Managing Your Talent” and evaluates its application within a known organization. Furthermore, it proposes a strategic improvement to enhance talent management practices, aligning them with the company’s overarching objectives.

Overview of the Video and Talent Management Approaches

The video “Managing Your Talent” provides insights into four distinct approaches to talent management: traditional, strategic, developmental, and holistic. The traditional approach emphasizes hierarchical control and standardized processes, often focusing on immediate operational needs. The strategic approach aligns talent management with long-term organizational goals, fostering workforce planning that anticipates future needs. The developmental approach prioritizes ongoing learning, leadership development, and employee engagement. The holistic approach considers talent management as an integrated system, incorporating diversity, inclusion, and workforce well-being.

Application to the Selected Company

The company I am familiar with is a mid-sized technology firm. Based on my research and observation, its talent management practices most closely resemble the strategic approach discussed in the video. The firm invests in comprehensive workforce planning, aligning hiring, training, and leadership development with its long-term innovation and growth strategies. For example, the company implements structured succession planning and invests in continuous skill development tailored to future industry trends, such as artificial intelligence and cybersecurity.

This strategic focus is evident in its proactive recruitment efforts for high-demand technical skills and its leadership development programs designed to prepare internal talent for future management roles. The company's HR department regularly analyzes market trends to adjust talent acquisition and retention strategies, ensuring that the workforce remains agile and aligned with strategic objectives.

Proposed Improvement in Talent Management

Despite the strength of its strategic approach, there is room for improvement in fostering a more inclusive talent environment. I propose implementing a formalized diversity and inclusion (D&I) program that goes beyond compliance and incorporates measurable goals, employee resource groups, and inclusive leadership training. This initiative can foster a more innovative and adaptable workforce by attracting diverse talent pools and creating an environment where all employees can thrive.

Another improvement could involve integrating advanced data analytics and artificial intelligence tools to predict talent attrition and identify development needs more precisely. Using predictive analytics can help the company proactively address potential skill gaps and retention challenges, optimizing talent deployment and development plans.

The Value of These Improvements

Implementing a structured D&I program would significantly contribute to the company's strategic goals by enhancing creativity, problem-solving, and decision-making — key drivers of innovation. A diverse workforce brings varied perspectives essential for navigating complex technological challenges and entering new markets. Additionally, fostering inclusivity can improve employee satisfaction, reduce turnover, and strengthen employer brand reputation.

The adoption of predictive analytics adds value by enabling smarter talent decision-making. By anticipating workforce trends, the company can allocate resources more effectively, reduce costs associated with turnover, and ensure continuous leadership pipeline development. Overall, these improvements bolster the company’s competitiveness, resilience, and long-term sustainability.

Conclusion

In conclusion, the company's talent management approach aligns with the strategic model presented in the video. To further enhance its effectiveness, integrating a comprehensive diversity and inclusion strategy and leveraging predictive analytics could provide substantial benefits. These enhancements will support the organization's innovation capacity, operational agility, and talent retention, ensuring sustained growth and success in a rapidly evolving industry.

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