The Growing Importance of Business Talent Management Cloud

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The Growing Importance of Business Talent
Management Cloud
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Developing and retaining talent is becoming a
major challenge for the employers all around the
globe. While many organizations are learning to
adjust to changing demographics and diversified
employee preferences, they need to enhance their
capabilities as HR and Talent Managers. While
these managers concentrate mainly on hiring and
sustaining outstanding talent, their focus should
be engaging the top performers to accomplish the
most favorable outcome of a business, its
goal. A business can only grow if it has a
talented workforce. But these days it is hard to
find, build and retain ideal employees. However,
with the right tools and powerful methodologies,
getting the best people for your organization is
very much achievable. In fact, by managing the
current workforce and giving them, the required
training can also help in improving the
performance of the existing Human
Capital. Talent Management requires strategic
Human Resource to elevate the growth of a
business and achieve the set business objectives
by enhancing its culture, values. Whether it is
giving rewards or developing the workforce,
recruiting or conserving, everything that is done
to improve the standards of business is a part of
strategic workforce planning and talent
management.
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Facing Challenges and Adapting the Futuristic
Approach HR plays a strategic role in promoting
the growth of any business or company. It offers
orientation to the workforce, set goals, makes
business strategies and aligns all of them in one
direction. From time to time HR needs to fulfill
the talent demand of an organization. And not
only to cater for the current demand, it needs to
be prepared for the future strategies also to
capture more skills in its skill inventory. With
the advancement in the technology, many
organizations have included robots, cloud, IOT,
Big Data in their processes. Because of these,
the business scenarios are also changing. The
skill sets that were enough for any job, nowadays
one-third of these skills are not even considered
competent in the present scenario. That is why HR
needs to be more agile, innovative and futuristic.
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Systematic and Holistic Approach to Strategic
Talent Management Talent management needs a
holistic and systematic approach. It is vital to
keep your talent pool updated because if any of
the top talent or leader leaves the organization
at a crucial time, and there is no substitute to
fill the position, then it might create a gap
that will break the equilibrium. Succession
planning basically includes the development of
employees of an organization to strengthen it for
achieving the success. While the development of
its talent is critical, it cannot be accomplished
solely. Here comes the role of holistic talent
management strategy.
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• With Business Talent Management Cloud, you can
• Fascinate, maintain and motivate the best talent
  by utilizing workflow-driven and adaptable talent
  management
• Set individual objectives and align them with
  corporate goals. Also, define the ways in which
  an employee can contribute towards the growth of
  the organization.
• Propel comprehensive talent management strategy
  with a system that integrates all talent-related
  processes and activities
• Include social media to widen the reach for
  employment and help in generating referrals, and
  high-quality talent.
• Boost employee engagements.

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Strategic Talent Management And Role of HR It is
the key responsibility of the HR professionals to
hire the right talent for the significant roles
at the right time. However, if done skillfully
and strategically, talent management module may
lead to better results for the organizations
growth in a long run.
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Effective Recruitment Process Recruitment cloud
allows the employers to assess, source and hire
the right kind of talent for their organization.
With the help of Talent Acquisition Cloud, the
recruitment process can be streamlined and
automated. This enables the HR to handle the most
complex and demanding environments in even larger
organizations, and they can efficiently deliver
successful recruitments by strategizing, boosting
the talent acquisition effectively and
efficiently. While with the recent increase in
the unemployment rates, there are many job
seekers in the market. But because of the talent
scarcity, recruiters are facing numerous
challenges. Recruiting cloud helps them design
smart strategies to pull the top performers
through multi-tiered assessments and screening.
This process ascertains that the entirely
suitable applications of the candidates reach the
recruiters desk. That is the reason HR needs to
be proactive as well as reactive to cope with the
talent management needs and ever-changing
industry.
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Sourcing through Social Networking Talent
Management Cloud utilizes social sourcing that
helps HR to widen their reach and get higher
referrals. While posting for a job offer on
FaceBook and LinkedIn has become a common
practice, it is not sufficient since the
competitor may also use these sources to get to
best performers. However, through social
sourcing service, you can reach the network of
your employees that can turn out to be the best
recruiters through referral tool. You can manage
your targeted campaigns through simple
connections of employee networking. This way the
employees provide you with the top profiles to
contribute to the organization and in turn get
credit for that.
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Goal Alignment Goal management module allows the
corporate to set, manage and track the individual
as well as organizational goals. It helps align
these objectives with the entire talent
management process. Talent management cloud
provides the opportunities to create a culture
where employees development is given importance.
The high-level initiatives by the top management
lead to collaboration between the workforce and
the managers to set the objectives in the right
direction. Tangible task setting such as
associating goals to competencies or designing
goal-related duties also allow the career
development and monitor the individual growth of
each employee. This does not only support
employees to achieve their personal goals but
also to foster their career growth. Work
collaboration tools like wiki or forum enable the
workforce to share goals as well as accomplish
the shared objective, the success of the
organization.
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Performance Management Performance management
cloud is designed to track the employee
development and evaluate their work performance
by the top management and immediate managers.
This tool offers a template-driven and flexible
system that allows the configuration of the
performance process to match the corporate
practices. The in-built analytics and
user-friendly interface are advantageous for both
leaders and workforce. Performance management
tool offers supervision and decision support to
accomplish the evaluation process effectively.
The performance report consists of the analytical
information along with worker rating. This
enables HR administrators and support managers to
track the entire performance management process.
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• Building and Developing Talent
• While acquiring the best talent has become a war
  for most companies, their HR managers are
  searching for the best sources to recruit the top
  talent. They can also nurture the talent and
  retain them within the organization by engaging
  them. This seems difficult but can be
  accomplished by using the capabilities of the
  Talent Management Cloud in the following ways
• By developing an intelligent recruitment process
  to search, engage and handpick the best
  applicants and retain them via user-centric
  processes.
• By utilizing rich employee networks through
  Social media networking tools for referrals along
  with internal social networks through improved
  information sharing and employee engagements.
• By developing role-centric employee experience to
  increase the accessibility, productivity and
  collaboration within the organization for all
  levels
• By employing the holistic approach to goal and
  performance management that provides flexibility
• By providing extensive solutions for the learning
  curve that deploys easy opportunities to get the
  necessary training and development plans
  fabricated to employees needs.
• By integrating embedded analytics into the system
  to promote the informed data-driven process of
  decision making
• By offering integration support in conjunction
  with E-business suite, PeopleSoft and other core
  HR systems
• By providing diversified deployment with SaaS
  (Software as a Service)

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Conclusion Hiring the top talent and nurturing
them to achieve corporate success can be attained
with the help of Talent Management Cloud.
Fostered talent is then moved up in the
hierarchy. It improves their skill sets to
deliver the quality work, but at the same time,
you need to increase in the remunerations for
handling additional roles and responsibilities.
Therefore, it is crucial to address the career
development requirements of the talented
professionals. Along with this, a
well-strategized communication system should be
implemented to cover the gap between leaders and
high performers to avoid the personal as well as
professional issues. It enables the HR
professionals to understand the needs of the
talented employees and create policies to support
them.