This document discusses talent management and its importance for organizations. It defines talent as the sum of a person's abilities, gifts, skills, knowledge, experience, intelligence, judgment, attitude, character, and ability to learn. Talent management involves sourcing, hiring, developing, retaining, and promoting employees to meet organizational requirements while exploring and developing employee talent based on organizational culture. The document outlines nine best practices for talent management and emphasizes that it is strategically important for revenue, innovation, effectiveness, costs, and both HR and business planning. It concludes that talent management is a critical and complex process that requires understanding employees psychologically while also making fair judgments.

1. Talent
Management
By
Kumar Supratik

2. What is Talent?
According to McKinsey; talent is the
sum of
a person’s abilities,
his or her intrinsic gifts,
skills, knowledge, experience ,
intelligence,
judgment, attitude, character, drive,
his or her ability to learn and grow

4. Process

5. Talent Management
 Ability, competency and power of employees within
an organization
Exploration, development, transition according
to the culture of the organization
Sourcing, hiring, developing, retaining and
promoting them while meeting the
organization’s requirements simultaneously

6. Emphasis on TM Relationship talent and business performance
 Rapidly increasing source of value creation
 Creativity, innovation and value creation
 Employee Expectation and how to meet them

7. Nine Best Practices
 Start with end in mind
 Move from a seat at the table to setting the
table
 Success Profiles
 As strong as its weakest link

8. Nine Best Practices
 Potential, performance and readiness are not the
same
 Right people for right jobs
 More about “how's” than “what's”
 Software's cant do this

9. Strategic Importance
 Revenue, innovation and organization
effectiveness
 Downtime and the replacement costs of losing
critical talent
 Consequences of problem in managing talent
 Investment
 Strategic and holistic to both HR and business
planning

10. Conclusion
 Most critical and complex process
 Need to be a psychologist
 Sympathetic at the same time judgmental
 Being fair to everyone

11. THANK YOU