Talent and knowledge management-developing a culture of employee optimization
Dr. Sonia Delrose Noronha
Organizations are made up of people: People create value through proven Business Processes, customer service, innovation, sales, and many other significant activities. As an organization strives to meet its business goals, it must ensure that it has a continuous and integrated process for recruiting, selecting, training, developing, supporting, and compensating these valuable Human Assets. While strategic Human Resource remains to be a major focus, organizations are now focused on a new set of strategic issues on improving these processes more efficiently and effectively by means of "competency-based" recruiting instead of sorting through resumes. We are now entering a new era: The Era of the emergence of "Talent and Knowledge Management." Talent management and Knowledge Management is a valuable intangible asset and have a major role in inducing employee productivity. Also termed as Human Capital Management (HCM), Human Resource Information Systems (HRIS) or Human Resource Management Systems (HRMS), and Human Resource Modules will make an organization more competitive. This paper strives to understand Talent Management as an emerging concept and seeks to understand its objectives, process, and critical success factors.