The Tipping Point for Talent Management

The Tipping Point for Talent Management Discuss how the economic environment has influenced the need for talent management practices. The economic environment has influenced the need for talent management practices in many different ways. With companies having trouble in these current economic times business cannot take chances on talent that may not make the company any money. This is made sure by hiring well qualified talent scouts who can spot real talent and the current economic sets the foundation for the reason that talent management practices which has risen in today society. There are five different economic stages that were done in the past which there have been talked about movement from agrarian to industrial to the knowledge economy. There is new approach to managing companies and people which is still too much to understand and learn about the shift that is occurring before us. But there is still an emerging set of practices, especially the one that is evidenced by company that is moving talent management to its tipping point. Discuss how globalization has contributed to the tipping point for talent management practices. I think that globalization has contributed to the tipping point for talent management practices in many different ways. For example talent management will now be able to find talented people to meet their need in any part of the world that they want to so they are no longer limited to the talent available in a specific area of the world. This is very important as talent management requires a great deal of diversity of talent. Talent is now a global game. It requires a much broader horizon than just a specific company, city, region or country, and it also requires a much broader vision within a company. Talent acquisition is the ability of a company to attract and hire key talent. The key issues are compelling employment brand and value proposition, referral recruiting, and keeping a good standard for new talent entering organization. Discuss how talent management practices have evolved beyond training programs. The talent management practices have evolved beyond training programs in that agencies are now counting on a more informal role in training their talent. If the agency does not have to train talent own their own they then will be able to save that expense and it can go towards the bottom line. It will also be able to be used to increase the talents salary so it helps both the management and