Talent management insights for organizations

  Understanding skills- First Approach In a skills-first approach, the emphasis is on identifying and developing the specific skills that individuals bring to the table. This stands in contrast to a more conventional focus on roles and qualifications. The approach recognizes that skills are the true currency of the workforce, representing a dynamic and adaptable measure of an individual's potential contribution  (Ernst, 2021). Why is the world shifting to a skills-first approach? 1.       1.  Too many jobs, not enough people: To put it simply, there are more jobs than people. Organizations need employees to staff their organizations. Two thirds of these businesses have reported missing out on opportunities or potential growth. A primary solution to this problem is to remove barriers to employment. By removing the requirement for a bachelor's degree, for example, you are increasing your talent pool. 2. Innovation is driving skills-change: The world is changing too much and too

Introduction In the dynamic landscape of modern business, organizations are increasingly recognizing the profound impact of organizational culture on talent management. This blog delves into the symbiotic relationship between organizational culture and talent management, exploring how a positive and inclusive culture can elevate an organization's ability to attract, nurture, and retain top-tier talent. Defining Organizational Culture: Organizational culture encompasses the shared values, beliefs, and behaviors that shape the identity and character of a workplace. It serves as the foundation upon which an organization's mission, vision, and goals are built (Huff, n.d.). The Link Between Culture and Talent Management: A strong organizational culture plays a pivotal role in talent management strategies. A positive culture fosters an environment where employees feel engaged, motivated, and aligned with the company's mission. This, in turn, enhances talent attraction, rete

Introduction In recent times, Sri Lanka has faced unprecedented economic challenges, leading to a surge in employee migration. As the nation grapples with the implications of this migration, businesses are compelled to reevaluate their strategies to retain and nurture their valuable human capital. This blog explores the economic crisis in Sri Lanka, the surge in employee migration, and the crucial role that talent management can play in mitigating the impact. The above indicates percentage of foreign employment placement by gender. As per the above there is a significant increase in no of males and females migrated in 2022 when compared to 2021. Understanding the economic landscape Economic challenges: Sri Lanka has encountered a series of economic challenges, including rising inflation, a depreciating currency, and a mounting debt crisis. These factors have contributed to a decline in job opportunities, leading many skilled professionals to seek employment abroad. Employee migration:

In the dynamic landscape of today's business world, companies are recognizing the critical importance of strategic talent management in driving organizational success. At the heart of this strategic approach lies the nuanced art of employee resourcing – a process that goes beyond mere recruitment to align with broader organizational objectives (Chaker, 2018). Understanding strategic employee resourcing What is strategic employee resourcing and why does it matter? Employee resourcing, generally known simply as ‘resourcing’ is the term used to describe activities concerned with the acquisition, retention and development of human resources. Strategic resourcing is concerned with ensuring that the organization obtains and retains the people it needs and employs them effectively. It is a key part of the strategic HRM process, which is fundamentally about matching human resources to the strategic and operational needs of the organization and ensuring the full utilization of those resour

An organization's workforce is a highly important asset for success. It's essential for businesses to employ the right number of employees with the right skills and put them in suitable roles to ensure productivity and profitability. Workforce planning is a workforce management practice that can also help a company prepare for future hiring challenges.  What is work force planning? Workforce planning, also known as strategic workplace planning, is the process of analyzing, forecasting and planning workforce supply and demand. It involves reviewing current staff, examining current and future personnel needs and identifying gaps between supply and demand. By identifying gaps, organizations may plan effectively to ensure their organization has properly skilled employees in the correct roles. This helps support the organization in maintaining efficient operations and achieving its goals. Why is work force planning important? Key steps in workforce planning Benefits of work force pl