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Talent Management Strategic Plan Talent for Candlelight. Inc - Essay Example

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From the essay "Talent Management Strategic Plan Talent for Candlelight. Inc" it is clear that the company is prioritizing to acquire new business unit and improve on some of its weaknesses including management misalignment, depleted talent, low employee morale, and employee turnover…
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Talent Management Strategic Plan Talent for Candlelight. Inc

Download file to see previous pages... The gaps that need to be filled in the company’s HRM include motivation of employees, retention, training, and development, and commitment.This involves an analysis of where the organization is now, and where it should be in future in terms of talent management. The gaps that need to be filled in the company’s HRM include motivation of employees, retention, training, and development, and commitment.4. Develop Internal Talent PoolsDeveloping internal talent pools enhances employee retention and commitment and reduces employee turnover. It involves training and development, motivation through compensation and rewards, and creating work-life balance.5. Attracting and Building External talent to replace those employees who have left, the company should attract experienced, qualified and committed employees. One of the mechanisms to do that is to build the image of the company and an employer brand that can attract the best talent. Diversity should also be considered. To build external talent, the company should also engage students who are still undergoing their studies through internship programs. 6. Building Organizational CultureThe company should also build on elements of organizational culture and work environment to enhance employee satisfaction and retention. 7. Assessing and Evaluating Performance After all the above have been done, the company should measure the results of the talent management program and communicate the successes and failures encountered (Newfoundland and Labrador, 2008). ...Download file to see next pagesRead More
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