We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Talent management in a recession - Literature review Example

Comments (0) Cite this document
Summary
TALENT MANAGEMENT DURING RECESSION Name Tutor Course Date Introduction Talent management as used in the context of this study refers to the setting up of organizational plans to address the human capital required to achieve various organizational needs to oversee the transition between economic recession and recovery…
Download full paperFile format: .doc, available for editing
Polish This Essay91.5% of users find it useful
Talent management in a recession
Read TextPreview

Extract of sample
"Talent management in a recession"

Download file to see previous pages There are various guideposts for talent management in face of economic turmoil, which are central to this study. They were compiled as “Has the great recession changed the talent game? Six guideposts to managing talent out of a turbulent economy” following the release of the report earlier in 2010. The objective of this study is to articulate the challenges of talent management during recession and the ways in which they may be solved. Literature Review In face of an economic recession, financial crisis or credit crunch, various corporations may choose to focus on retrenching a section of employees, restructuring the corporate leadership through change management, or devising various cost-cutting strategies (Arthur 2011, p 89). Through such strategic operations, the corporate strategists and leaders often downplay the value of talent management in the organizational mainstream by failing to realize that talent management is a sin qua non for fostering productivity in preparation for economic recovery. Economic experts reckon that the current economic recession fundamentally change ways in which executives develop, engage and manage corporate employees. The vital query revolves around how talent management strategies will distinguish the winners from the losers during the transition from the prevalent recession into the new economic order. This study focuses on whether the improving economy is capable of creating a “resume tsunami” as employees seek new ventures. It also seeks to address the question as to whether the time has come for companies to stop playing defense and go on offense on the issue of talent management (Axelrod 2002, p 88). According to the projected findings retrieved from the report of the yearlong Managing Talent in a Turbulent Economy survey, there are various fundamental considerations for executives as the corporate world moves past the current economic turmoil to face the emerging challenges of the new economy. The survey indicates that these milestone considerations can enable companies to adjust and position themselves strategically for the projected economic upturn as they implement various strategies to develop new talent while retaining the talent necessary to steer their companies back to the path of progress (Schein 1977, p 93). In some cases, companies may use economic resources as an excuse to retrench the less productive segment of the firm. According to economic experts, there is a psychological impact of this kind of arrangement on the remaining staff following the layoffs. For instance, the remaining employees may feel overloaded since they would have to undertake prior jobs exercised by their dismissed colleagues. Likewise, they would have to undertake their jobs amid growing tension and suspense of looming layoffs. One of the purposes of this paper is to ascertain how an organization can retain these talents and motivate them (Birdi et al 2008, p 498). As the current economic recession traverses with the projected economic recovery, Deloitte released a report indicating talent trends in the changing economy. Published in the New York Times April 19, 2010, this report dubbed The Great Recession Transforms Talent Management, Leadership and Development: Deloitte Survey Series was based on yearlong in-depth research. Following a series of independent surveys, the company identifies several guideposts to reflect on while confronting talent management challenges of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Talent management in a recession Literature review”, n.d.)
Talent management in a recession Literature review. Retrieved from https://studentshare.org/management/1458891-talent-management-in-a-recession
(Talent Management in a Recession Literature Review)
Talent Management in a Recession Literature Review. https://studentshare.org/management/1458891-talent-management-in-a-recession.
“Talent Management in a Recession Literature Review”, n.d. https://studentshare.org/management/1458891-talent-management-in-a-recession.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Effect of recession on U.K. clothing sector
e UK economy went into recession. It led to decline in output of the economy as well as increase in the unemployment rate. There has been decline in the real output by 6.4 per cent. However, in the second quarter of 2010, it was apparent that GDP had grown by 1.9 percent.
12 Pages(3000 words)Literature review
Human Resource Management
HR plays a major role in talent management. But before getting into the discussion of the scholarly works, there is a need to establish a definition of talent management and how it is related to HR. Talent management is basically the skills of the organization’s management to attract skilled employees, to work for their development and also to retain the current employees of the organization.
6 Pages(1500 words)Literature review
Role of HR in developing talent at work in the banking sector (UK and US)
HR is an important department in any organization, as it is concerned about the employees (Armstrong, 2009, p.83). Therefore, it views employees’ talents as part of an organization’s competitive advantage (Mathis & Jackson, 2010, p.25). Nevertheless, the need for higher talent is on demand in the United States, as it is becoming extremely difficult for organizations to retain the best personnel, hence a clear picture of a rivalry for talent in the country (Chambers, 2007, p.1).
6 Pages(1500 words)Literature review
Role of HR in Developing Talent at Work
Human resource in the recent times has evolved from its humble role of supporting and managing administrative tasks to acting as a strategic partner to organizations, and managing and developing talent - since people are the key force and one of the greatest assets any organization can ever have.
6 Pages(1500 words)Literature review
Investigation on the Influence of the Recession towards Online Retail Shopping
As was noted by Purohit & Kavita (2009), the final stage of retailing is the distribution process that takes place from manufacturing of the product to distributing it to the consumers. It deals with activities such as selling of the products and services provided in stores.
8 Pages(2000 words)Literature review
Talent management
This role enhances their value from mere managers to business executives that can not only assist management in reducing the general administrative HR cost but also design a business function that recruits, develops and retains potential talent which can provide a competitive edge to an organization.
6 Pages(1500 words)Essay
The impacts of recent recession on consumer behaviour within Airline industry
Although, the product itself has an importance but the consumer behaviour can be affected by various psychological and environmental factors (Hitt, Hoskisson and Ireland, 2008). The consumer development
12 Pages(3000 words)Literature review
Talent Management
Successful talent development must emphasize on establishing personal strengths and implementing them to offering organizational goals. One of the most successful approaches to help this is coaching (Vaiman, 2008). Talented employees are management’s most active and
2 Pages(500 words)Assignment
Art Management-festival comparison
sic modernism” that was marked by the Bauhaus), and what had a deep upshot on well-liked experience in Hungary, the pseudo-rustic and eclecticism trends. At an impressive show, the Museum of Applied Arts offers artistic interiors envisaged by the creators of the 1930s and
12 Pages(3000 words)Literature review
Leadership and Talent Management as a strategy to motivated workforce
Later on the literature review we have further gone into the details study of leadership and Talent Management and have also tried to understand the idea behind employee motivation. The research has been conducted in a quantitative analysis has been done with the help of
38 Pages(9500 words)Literature review
Let us find you another Literature review on topic Talent management in a recession for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us