Strategic Employee Resourcing & Talent Management

Strategic Employee Resourcing

Employee can be regarded as the prime asset of an organization, and businesses strategically need to invest in that asset to ensure their survival and growth. Constantly changing business environment presents organizations/companies with a complex challenge on how to meet staffing needs while preparing for strategic future needs of the organization. 

Figure 1-Strategic Employee Resourcing

Armstrong (2012) remarks that "strategic resourcing" is a key element of strategic human resource management & matching human resources to the strategic & operational requirements of the organization is important to fully utilize the resources.

Further he explains that it is concerned not only with hiring & keeping the number and quality of staff required, but also with choosing & promoting people who "fit" the culture and the strategic requirements of the organization.

Talent & Talent Management

By managing talent strategically, organisations can build a high performance workplace, encourage a learning organisation, add value to their branding agenda and contribute to diversity management.

* What is talent ?

A comprehensive perspective on how an organisation could segment its workforce to ensure broadness of talent development was offered by Ulrich and Smallwood in 2011. They worked on the assumption that everyone who work in the organisation should be considered to be a talent. 

Figure 2-  What is Talent?  (Ulrich and Smallwood 2011)

According to Tansley (2007) "Talent" consists the employees who can make a difference to organizational performance either through their immediate contribution or in the long term, by demonstrating the highest level of potential.

* Talent Management

According to Silzer (2010) Talent management is an integrated set of processes, programs & cultural norms in an organization designed & implemented to attract, develop, deploy and retain talent to achieve strategic objectives & meet future business needs. Further he explains that talent management is simply a matter of anticipating the need for human capital in order to fulfill current & future business operations in the organization. 

Connection between the Strategic Employee Resourcing & Talent Management

Resourcing strategy ensures that the organisation obtains and retains the people it needs and employs them efficiently. The objective of resourcing strategy is to find the most suitable workforce the organisation needs, with the appropriate qualities, knowledge, capabilities and potential for future training. The aim of this strategy is to ensure that an organisation achieves competitive advantage by employing more capable people than its rivals (Cristian, 2007)


References

Armstrong, M. (2012). Armstrong's Handbook of Human Resource Management Practice, 12th Ed. UK

Cristian, M. & Stefania, R. (2007). Human Resources Strategies 

Silzer, R. & Dowell, E. (2010). Strategy Driven Talent Management

Tansley, C. et al (2007) Talent Strategy, Management Measurement. CIPD, London

Ulrich,D. and Smallwood,N. (2011) What is talent, Michigan Ross School of Business, Executive White Paper Series.