Competence management
Introduction
Talent management refers to the process that develops and incorporates new members into the workforce and also retains an existing human resource. Talent management basically seeks to highlight those people with high potential, understood as talent, within their job; Additionally, retaining and attracting talented people will be a priority. The term was coined by David Watkins of Softscape[1] and published in an article in 1998.[2] The process of attracting and retaining productive employees has become increasingly competitive among companies and has more strategic importance than many realize; It has become a "war for talent" and even more so a stage where competition between companies is very tough ("why not be the best if we can be it").
History
Talent management is a process that emerged in the 90s and continues to be adopted by companies that realize that what drives the success of their business is the talent and skills of their employees. Companies that have put talent management into practice have done so to solve the problem of employee retention. The issue is that many organizations today make an enormous effort to attract employees to their company, but spend little time retaining and developing them. A talent management system for business strategy needs to be incorporated and executed in daily processes throughout the company. The task of attracting and retaining employees cannot be left solely in the hands of the human resources department, but must be practiced at all levels of the organization, also taking into account the organization's strategic plan. The business strategy should include the responsibility for managers and supervisors to develop their immediate reports. Divisions within the company must openly share information with other departments so that employees achieve knowledge of the organization's objectives as a whole.[3] Companies that focus on developing their talent integrate plans and processes to track and manage talent using the following:.
· Search, attract and recruit qualified candidates with competitive training.
· Manage and define competitive salaries.
· Generate belonging and identity based on the organizational climate.
· Seek training and development opportunities.
· Establish processes to manage performance.
· Have retention programs in place.
· Manage promotions and transfers.