Talent Management Essay Example | Topics and Well Written Essays - 500 words

Talent Management - Essay ExampleThe takings of technology, particularly the Internet, makes this process even easier, as companies worldwide are now recruiting via the Internet (Leadership payoff). The Cayman Islands, for example, recruit people from various nationalities to join the international organizations on their islands. The Cayman Islands have intelligibly benefited from doing so, as they form the fifth largest financial centre in the world, with over 5,945 registered companies in the financial attention (Cayman Islands Chamber of Commerce).Furthermore, some of the current senior managers are headed for retirement, so it is important to have a reinvigorated younger generation of fully competent persons for the future. It is expensive to always re-hire and re-train. Therefore, managing the talent already available at bottom the organization is crucial (Sullivan 2005).Duttagupta (2005) has established a framework for managing talent. The process includes executive pers picacity, effective recruiting, coaching, providing feedback, mentoring, empowering, leadership assessment and development, as well as creation of a rewards system.The HRD as part of its business strategy whitethorn organize a company retreat for a weekend, perhaps at a hotel, where all the managers run together and assesses the organizations current and future strat