Emerging trends in Talent Management

 

The employer is responsible for recruiting and developing the workforce to become productive and to stay long term in the organization. If the employer is smart and implement the process strategically, the overall performance of the business improves and ensures its competitiveness (Ross, 2013).

With the pandemics, new trends of managing the talents within an organization were emerged and HR leaders are frequently monitoring on these in designing new work models. In order to beat the competition to increasingly scarce talent, keep the talent already available and ensure people are engaged and have a clear career path in the organization there are six most important emerging trends in talent management to be considered (Frank & Taylor, 2004).

1. The Great Resignation – or the case of the paradoxical labor market
2. Employee wellbeing will continue to be a key area of focus
3. Workforce optimization and increasing automation
4. Closing the skills gap
5. Hybrid work is driving business transformation
6. Adopting the technology and tools to support changes to workplace dynamics

(Unit4 Communications, 2022)

1. The Great Resignation – or the case of the paradoxical labor market

Employees are tend to discern more on the value offered to their time and talent when performing tasks specially in terms of compensation and additional benefits like work life balance, flexibility, more opportunities, interest and motivation. Therefore, it is important to consider what the employee expect rather than what the employer expect from the employee when recruiting new bloods.

2. Employee wellbeing will continue to be a key area of focus

Employee wellbeing is another evolving trend where the employer should pay the attention on employees’ individual and family lives and their ambitions outside of the working environment.

3. Workforce optimization and increasing automation

For industries which are people-centric, workforce optimization & automation represent a great opportunity. Both can play a vital part in keeping the people engaged, giving them a reason to stay with the organization in long term and helping to tackle the Great Resignation.

“Workforce optimization means ensuring the people are working on the tasks that add value to the organization, match their skillsets, and facilitate their development and career advancement” (Unit4 Communications, 2022).

“Automation means relieving fee-earners, specialists, and strategic decision-makers of the burdens of administration and operational complexity” (Unit4 Communications, 2022).

4. Closing the skills gap

Planning on filling the gaps in employee skill levels is the next trend as the people rich in skills gives the competitive advantage for the organization to move forward.

5. Hybrid work is driving business transformation

With the pandemics, hybrid working was came into track adding multiple new working styles into the organizations and with the new normal after pandemic forces the organizations to reorient their digital transformation projects around facilitating hybrid working.

6. Adopting the technology and tools to support changes to workplace dynamics

The adoption of new HR toolkits and technology should provide the platform to visualize the employee skills and their performance/contribution for the organizational success and should provide the flexibility the team need in designing and completing workflows to accommodate everyone despite of their working center/location.

Trends in Shaping the future of Talent Management 

 

References

Frank, F.D. and Taylor, C.R., 2004. Talent management: Trends that will shape the future. Human Resource Planning, 27(1).

Ross, S., 2013. How definitions of talent suppress talent management. Industrial and Commercial Training.

Unit4 Communications, 2022. 6 of the latest trends in talent management that you need to know about. Unit4 [Online]. Available at: https://www.unit4.com/blog/6-latest-trends-talent-management-you-need-know-about Accessed on: 14th August 2022