Talent Management Strategy

Talent Management Strategies
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Introduction
For the executives and the officials in the human resources management officers, talent management is of the most crucial aspects when it comes to the growth of the company relative to the skills of the staffs.Searching, hiring and retentions have become common topics in the boardrooms in a bid to make sure that the companies never run out of skilled labor and innovative ideas to keep the respective companies ahead of the curve in the competition (Mihelic&Plankar, 2010). High performing and engaged employees are quite rare to find and thus when companies find such employees they make it a priority to maintain them. As such talent management strategies are crucial to the companies’ survival, where executives and officials from the human resources management department, lay out plans to maintain a talent pool within the company.Companies with the right talent pool, stand a better chance of optimizing their performance and taking opportunities as they present themselves with exceptionally high results (Chitsaz-Isfahani&Boustani, (2014).
The Company
As a fast growing company, Synergy limited now has 200 staffs and 20 of them are leaders in various capacities. Started five years ago, the company deals in clean energy solutions and appliances. It is geared towards providing alternative sources of energy that are power efficient and those that do not pollute the environment. This is an industry that is fast growing with most companies in the last two years adopting clean energy solutions in the operations. As such the company is hard pressed to develop talent management strategies to maintain its competitive nature within the market.
Talent Management Strategy
The talent management strategy for synergy limited is going to be divided into five majorstages;Business objectives and staffing priorities, acquiring, deployment, Development and retention.Other than the first stage,which will take two months to complete, the rest of the four stages will each take six months to complete (Nuria, & Rafael, 2010). These stages will help the company implement a talent strategy that sustainable and easy to manage over a time. At the same time is going to be easier to measureand make changes where necessary depending on the objectives at hand and the market dynamics (Majeed, 2013).
Business Objectives and Staffing Needs
This is the first stage of the talent management strategy and will be carried out all the departments. As such, all the department of the firm will be responsible for this stage. The main aim of this quest it to establish the main objectives of the firm, depending on the goals and the market dynamics. Using these measures, the firm is able to address the issue of staffing with the objectives in mind and the gaps that exist within the firm in terms of staffing. Ones the staffing needs are established relative to the objectives of the firm, the human resource department can then engage in the next steps.
Acquiring candidates
This is a crucial stage will involve three sub-steps to ensure completion. The human resources department and the finance department are going to be responsible for the operation of this stage to the end. ...