Abstract
Talent management practices ensure that the right people want to join the company and effectively bring new, talented workers into the company. The purpose of this paper is to contribute to the development of framework for talent management under the current global context. The paper is built on the analysis and synthesis of scientific literature which enables to describe the phenomenon of the talent management. The advancement in the field of talent management, this paper tried to analyze the talent management in global context from four perspectives such as human centric culture, digital skills, employee wellbeing and human resource analytics and develop a framework. Talent management has emerged as the biggest challenge facing organizations. Today, human capital at every level is considered more important than ever to organizations that hope to raise their competitiveness, both globally and locally, as all organizations face a global competition. For countries operating in multinational environments, the framework and measurement approach can be applied to understand unique challenges in the current global scenario that may reflect both the capabilities and behaviors of human capital in those countries. The talent management framework also suggests that future research work will help the global organization to face the challenges in the talent management in the competitive environment.
Highlights
For countries operating in multinational environments, the framework and measurement approach can be applied to understand unique challenges in the current global scenario that may reflect both the capabilities and behaviors of human capital in those countries
Talent management is to ensure employee performance and organizational performance; it leads to talent management outputs which serve as antecedents
It has been observed that talent management leads to employee performance while at the same time it helps organizations respond to challenges, enter new markets, and move ahead of the competition (Mensah, 2015)
Summary
Based on the increased need for basic skills and advanced skills level, talent management has emerged in many works of literature that emphasizes the importance of human capital as a first step in gaining and sustaining a global competitive advantage (Dayel et al, 2020). Talent management is concerned with the systematic identification of positions which are key to the organization’s competitive advantage sustainably over time, coupled with the identification, development, and management of one or more talent pools which are comprised of high performing individuals with the high potential to be appointed to work in these positions and in the future (Collings & Mellahi, 2009). The identification of relative potential of employees to contribute to the competitive performance and advantage of the firm in future (King & Vaiman, 2019)
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