NURTURING TALENT IN

SOFTWARE COMPANIES

What Is Talent ???

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

CONTINUED………………..

TALENT MANAGEMENT

The ability , competency and power of employees within an organization.

It refers to skills of attracting highly skilled workers , and developing and retaining current workers to meet current and future business objectives. also known as HCM(human capital management)

TALENT= contribution + competence+ commitment

Why nurturing top talent so

important? Contribute disproportionate value to

the organization.

Have the easiest time finding other

employment.

Top performers produce as much as

10 times more than the average

worker. (Sullivan, 2012)

Identifying Top Talent

All though there is no such definition of top

talent , perhaps e assume top talents are

those who :

Got performance appraisals.

Creative and innovative

Distinguishing characteristics

Job specific competency.

BENEFITS OF NURTURING

TALENT Higher motivation and commitment

Career development

Increase knowledge

Contribution toward company goals

Job satisfaction

Increased productivity and capacity

Better fit between people’s jobs and skills

HR CHALLENGES

Managing knowledge workers

Managing technological challenges

Developing leadership techniques

Hiring right candidate

Managing change talent retention and

development :-retaining the top talent

TALENT MANAGEMENT

PROCESS

TALENT MANAGEMENT IN

TCS LLP-Initial learning programme

CLP-continuous learning programme

LDP-Leadership developing programme

FLI-Foreign language initiative workplace learning

An organization would follow it in three steps:

1.Finding the right talent

2.Hiring the particular talent

3.Making sure that hired talent stays for a longer period of time

TCS: 4 Percent of revenue spent in learning and growth

FINDING THE RIGHT

TALENT Campus hiring-sustaining leadership

position

94.1% day 1 slots in campuses across

india

No. of institutes accredited:433

RETAINING

PERFORMANCE DRIVEN CULTURE

-recognize high performers &high potential

employees

MEET EMPLOYEE ASPIRATIONS

-Challenging roles

ENHANCE EMPLOYEE CONNECT

-Empowered organization units

CONCLUSION

Today , the concept of talent

management continues to be adopted

as more companies come to realize that

their employees’ talents and skills drive

their business success.in addition

To this , it has come to be established

that employee retention is more cost

effective than hiring.