Talent and a Company
Talent management is a new buzzword (actually, not even really new). This term is used to describe very wide range of activities – from gathering people with appropriate skills as a project team to designing complex corporate retaining programs. Nowadays terms talent management, human resources management and human capital management are used interchangeably.
Let’s take a look at talent management from perspectives of an employee and an employer. It seems that their goals of talent management are different.
What does a person expect from talent management? S/he needs to improve her/his skills, increase salary, get higher position, increase self-esteem and job satisfaction, etc. What does a company expect from talent management? It needs to be able to fulfill its operations in the most effective way – right people in the right place for the minimal amount of resources (resources include wide range of things – money, time, reputation, attention, etc). So, it seems logical to hire minimally qualified people who can perform a job and pay them as little as possible. Yes, requirements of a person are completely different from company’s needs.