Human resource Essay Example | Topics and Well Written Essays - 3000 words

Human resource - Essay Example Talent management helps in the integration of different initiatives of the company (Ashton and Morton, 2005). Figure 1: Talent Management System (Source: Ashton and Morton, 2005) Some of the important components of talent management system are as follows: Need- The business need derived from the business model. Data Collection: The fundamental data needed for good talent acquisitions. Planning: Talent and people planning guided by data analysis critical for good talent decisions. Activities: The conversion of plans into integrated set of activities. Results: The cost, measures and effectiveness criteria to judge the value and impact of Talent Management (Ashton and Morton, 2005). Talent management includes organizational assessment and employee assessment focusing on important positions to be filled (Ashton and Morton, 2005).The assessment of the talent management methods include interviews and psychometric testing which are aligned to the company’s competency model. ... Recruitment and selection are a integral part of the talent management activity as the right candidate for the right position not only helps in improving the effectiveness of the companies but also helps in the reduction of administrative costs. Absenteeism of the workers and employees has become a huge concern for many organizations hence the management of the company should deal with problem effectively to reduce the operational cost. Recruitment and Selection The efficiency and quality of an organization depends upon the human resource of an organization. Hiring and selecting the right candidate for the right position becomes essential. Recruitment and selection form the process of hiring the employees. Recruitment is a strategic function of the human resource department. It is the systematic process of generating a pool of qualified candidates for the organizational post. The process of hiring the candidates starts with human resource planning which helps to determine the type an d number of employees an organization needs. Hiring is an ongoing process and not confined to the formative stages of an organization. This is because some employees leave the organization through retirement and resignation. The process stops only when the organization ceases to exist. Recruitment The process of attracting individuals on a timely basis, in sufficient numbers and with appropriate qualifications, to apply for jobs with an organization (Gusdorf, 2008, p.01). The sources of recruitment are as follows: (Source: Author’s creation) Internal Sources a) Job Posting: The traditional method to announce a job vacancy was to post notice on the HR bulletin board but presently the job notice is