Framework for Effective Talent Management Practices PPT

This PPT slide, part of the 25-slide 6 Pillars of Talent Management PowerPoint presentation, presents a structured framework for Talent Management, referred to as the Talent Management Wheel. This model divides Talent Management into 2 main components: Talent Management Practices and Guiding Principles. The outer circle illustrates the various practices, while the inner circle outlines the foundational principles that guide these practices.

The outer circle features 6 key Talent Management Practices: Development and Training, Recruitment and Selection, Performance Management, Talent Review, Retention, and Compensation and Rewards. Each of these practices plays a crucial role in effectively managing an organization's talent pool. For instance, Development and Training focuses on enhancing employee skills, while Recruitment and Selection emphasizes attracting the right talent.

The inner circle, labeled Guiding Principles, includes essential elements that influence the effectiveness of the practices. These principles are Alignment with Strategy, Internal Consistency, Cultural Embeddedness, Management Involvement, Employer Branding through Differentiation, and Balancing Global and Local Needs. These guiding principles ensure that Talent Management practices are not only aligned with the organization's strategic objectives, but also culturally relevant and adaptable to varying local contexts.

The slide concludes with a statement that the Talent Management Wheel encompasses key practices for managing Human Capital, alongside 6 principles that apply to each individual Talent Management practice. This framework offers a comprehensive approach for organizations looking to enhance their talent management strategies, ensuring that both practices and principles are effectively integrated.

This slide is part of the 6 Pillars of Talent Management PowerPoint presentation.

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