Talent Management - Its role of retaining employees in times of changing demographics in the workforce

Today´s presentation  Overview of Talent Management  The reasons for why to make use of Talent Management  Contemporary issues in the business environment  Retention processes

Talent Management  Definition: “Talent management is the implementation of integrated strategies or systems designed to increase workplace productivity by developing improved processes for attracting, developing, retaining and utilizing people with the required skills and aptitude to meet current and future business needs.” (Kehinde, 2012)  A new and emerging area that companies do not know how to manage successfully.  Companies need to consider this because of the changing working environment.  The company need to accept the reality and implement strategies accordingly.  Involve the entire organization.

Reasons to Make use of Talent Management  Increase the companies efficiency and profitability  Human capital is a competitive advantage  Avoid turnovers  E mployee engagement

Contemporary issues  Demographical changes: Individuals demands different things.  Shifts in generations causes movement in the workforce  Diversity put pressure on handle different individuals.

Retention processes  Development opportunities  Compensation  Feedback

To sum up  A company should consider retention processes in times of changing demographics in the workforce in order to be successful. Thanks for your attention!