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Managing Human Capital Free essay! Download now

Home > A Level > Business studies > Managing Human Capital

Managing Human Capital

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Downloads to date: N/A | Words: 5077 | Submitted: 17-Oct-2011
Spelling accuracy: 98.2% | Number of pages: 15 | Filetype: Word .doc


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Managing Human capital

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MANAGING HUMAN CAPITAL


TABLE OF CONTENTS


CHAPTER ONE: INTRODUCTION…………………………………………….3


CHAPTER TWO: TALENT MANAGEMENT STRATEGY………………….4

The components of a talent management strategy…………………………………..4

CHAPTER THREE: CAREEER…………………………………………………5

Career Management…………………………………………………….……………5

Career Development…………………………………………………………………6

Career Development Activities…………………………………………………..7

Career Development Stages……………………………………………………..12


CHAPTER FOUR: ANALYSIS AND CONCLUSIONS……………………….13

REFERENCES…………………………………………………………………….14










INTRODUCTION

This assignment aims to analyse whether the management of every firm should have a talent management strategy or should leave the career development plan to employees.
In order to achieve that, talent management strategy, career management and career development stages and activities will be described, explain and analysed. Likewise, factors to be considered regarding career development and career management methods by employees, managers and employers will be explained and discussed. Examples of organizations that have actually applied such theories will also be given in order to compare and relate theory.
Career development is such a very important area of any organization; therefore most authors consider it to be a key to creating competitive advantage and so to achieve success. As Human capital is the greatest asset of an organisation, having a large pool of talented individuals and being able to attract and retain employees with the appropriate skills and abilities is critical for companies and managers to contemplate all different factors that contribute to career management and development.
This assignment comprises four chapters; Chapter number one provides an outline as to what the assignment is about and its content. The second chapter will focus on talent management strategy. The traditional perception of human resource planning concerning recruitment and selection has progressed compared to the traditional method which denotes a job description which involves what the job is and what are the tasks to how an individual can achieve the job’s specifications and goals. Consequently, people during this process are assessed in terms of their skills, talent and potential. There and then is when the Talent Management Strategy takes place, focusing on identifying, providing, retaining and developing talented people who can help achieve the organisational strategic goals and objectives. Chapter three focuses on career management and development which is one of the elements of talent management strategy, including also a series of development activities and stages. And finally, chapter four will provide a general analysis and conclusion of the facts found related to both theory and practice (examples) to then be able to generate a critical discussion that can provide an answer to the initial question.










2. TALENT MANAGEMENT STRATEGY



Talent management is defined as the process of recognizing, developing, employing, retaining and positioning talented people. It involves a series of activities which aim at securing the flow of talent in an organization owed to the fact that talent is a major component of the organization’s resources.
There is a point made that suggests how competitive advantage comes ...

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