Dear Friends, Recalibrate the wheel. Talent management is all about the power of people fueling the organization to drive and create a competitive edge in growth. As time changes, the strategies need to be changed as well, and they should be tailor-made rather than just a copy-paste exercise. It has become highly complex and challenging. Every organization has its own USP. The power of people needs to be aligned with that. This alignment is a challenging task for HR. Identifying, hiring, onboarding, and allocating are one part of the strategy; the second part is creating a positive employee experience, providing psychological safety, recognizing performance, creating learning and development opportunities, and caring for mental well-being, which is more challenging. Research studies have indicated that despite having a well-oiled talent management strategy, organizations face silent attrition of talent mainly because of unrealistic performance expectations, workplace stress, burnout, uncaring leaders, limited growth opportunities, and so on. This indicates that somewhere you have the talent but could not protect and nurture them; it fell apart from the alignment wheel of talent management. Lack of calibration is reflected. So, while keeping an eagle's eye on the alignment and recalibrating process which is ongoing, HR should understand that at the end of the day, money matters even if it is not a panacea. Sometimes, it works as a glue, bringing in the disillusioned employees. Shifting to high tech is silently creating low touch, which in turn creates low engagement. Keep a check on this and maintain balance because listening and understanding employees is the need of the time. Even after having a robust talent management process, you may face a setback at any time because of certain uncertainties and ambiguities in business. To address that, work on expanding your talent pool. You can look at non-traditional aspects like existing contractual and gig employees and women employees who have taken a break in their careers to meet family needs and care. The key point is to think outside the box and recalibrate the wheel of talent management. It may bring transformation by creating a positive and engaging work environment. This edition cover story is an attempt to understand what is happening in the world of talent management, how organizations are addressing the challenges, and what can be the way forward from the experts and professionals who face the heat and are in the driving seat. Regards, Anil Kaushik, Business Manager - HR Magazine B-138, Ambedkar Nagar, Alwar - 301001 (Raj.) Mobile No. 97855 85134 http://www.businessmanager.in Location: Delhi, India managing talent, may 2024, hr magazine, learning and development, work environment, women employees, talent management process, Country-India, City-India-Delhi
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