Executive Development Program In Talent Management

Human Resources

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About this course

Invest in Talent Management and outperform your competitors

The management of talent in the workplace is a matter of central concern, not only to HR-professionals but to all managers in general. Therefore, all managers, irrespective of their functional areas, are called on to solve problems that involve significant Talent Management issues. The basic knowledge and better understanding of Talent Management will help in finding, recruiting, training and, retaining high-quality employees. Moreover, this course seeks to aid HR professionals train employees, by helping them develop their skills, and continuously motivate them to improve their performance in order to attain the common goal of the organization.

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Invest in Talent Management and outperform your competitors

The management of talent in the workplace is a matter of central concern, not only to HR-professionals but to all managers in general. Therefore, all managers, irrespective of their functional areas, are called on to solve problems that involve significant Talent Management issues. The bas... Read More

Get a deeper understanding of

  • Talent Management
  • Recruiting
  • Talent Development
  • Career and succession planning
  • Mentoring and Coaching
  • Measuring Effectiveness of Talent Management
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Key skills you’ll learn

  • Recruiting
  • HR management
  • Training and mentoring

Program Starts Soon

Benefits for All Students

On successful completion, earn a Certificate of Completion from XLRI

Exercises to help professionals solve problems in Talent Management

Experienced faculty from XLRI and Industry experts provide practical insights into everyday issues

Practical assignments covering major aspects of Talent Management to enable the learners in tackling real life challenges

Comprehensive syllabus that includes Career & Succession Planning, Mentoring, Coaching and more

Learn from anywhere without any complicated hardware or software installations

On successful completion, earn a Certificate of Completion from XLRI

Exercises to help professionals solve problems in Talent Management

Experienced faculty from XLRI and Industry experts provide practical insights into everyday issues

Practical assignments covering major aspects of Talent Management to enable the learners in tackling real life challenges

Comprehensive syllabus that includes Career & Succession Planning, Mentoring, Coaching and more

Learn from anywhere without any complicated hardware or software installations

Are You Eligible?

Are You Eligible

Education

  • For Indian Participants – Graduates (10+2+3) or Diploma Holders (only 10+2+3) from a recognized university (UGC/AICTE/DEC/AIU/State Government) in any discipline
  • For International Participants – Graduation or equivalent degree from any recognized University or Institution in their respective country
  • Proficiency in English, spoken & written is mandatory

Work Experience

  • For Indian and International Participants – Working professionals with a minimum of 2 years of experience
  • Diploma Holders with relevant work experience may be considered on a case by case basis

 

Syllabus at a Glance

Learn from the Best Faculty

About The Institute

XLRI Jamshedpur

XLRI is one of India’s leading management school based in Jamshedpur, Jharkhand, India. Established in 1949 as the Xavier Labor Relations Institute, by Fr. Quinn Enright, XLRI is acknowledged as India’s oldest business management school.

XLRI with its single vision of Magis, i.e., pursuit of excellence, focuses on three areas: academic excellence, personal values and social concern. XLRI spares no effort to make its curriculum world-class and deliver it in the most effective manner. It constantly scans the developments in business and in society and tries to pro-act to meet the challenges. Its world-class faculty with its commitment and deep sense of service delivers the curriculum very effectively.

Consistently being acknowledged as the Best “HR Course” in Asia–Pacific, it has also been recognized for its research acumen by the London Business School and is ranked among top 5 research schools in India cutting across management and technical institutes. 

XLRI features consistently among the top 5 business schools of the country. In 2012 XLRI was ranked No. 4 among top 75 B-schools in India across Private and Government sector by Outlook India. Among other rankings, it was ranked #5 by the 2012 edition of CNBC-TV18′ s Top B-Schools in India, #4 by the Business Today 50 best business schools of 2012, #3 by Business World B Schools Unplugged.

Fee Structure for

Instalment Schedule

Installement 1
INR 30000 + GST Due by: 14 Jul, 2022
Installement 1
USD 700 Due by: 14, Jul, 2022
Installement 2
INR 20000 + GST Due by: 13 Jul, 2022
Installement 2
USD 350 Due by: 13, Jul, 2022
Installement 3
INR 30000 + GST Due by: 05 Oct, 2022
Installement 3
USD 700 Due by: 05, Oct, 2022
OR
Pay for Total Amount
INR 80000 + GST Due by: 14, Jul, 2022
Pay for Total Amount
USD 1750 Due by: 14, Jul, 2022

Financial Aid

To learn more about financing your course, visit the course Financial Resources Hub

Why Should You Join a Program Offered Through Talentedge?

  • 95% Completion Rate
  • 92% Satisfaction score
  • 78% Referability
  • Live & Interactive Digital Learning
  • Convenient Schedules to Suit Working Professionals
  • Benefit from Talentedge’s Alumni Network
  • Practical/Hands-On Experiential Learning
  • Options for Loan Assistance

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Executive Development Program in Talent Management

Talent is a buzzword in the field of HR, you can never find an exact definition of it. Every second person will define it to you in a different way.

At the workplace, talent can refer to intrinsic or well-skilled employees, as well as high-performing or high-potential employees. 

Marcus Buckingham and Curt Coffman in their book, First, break all the rules, described talent as “recurring patterns of thought, feeling, and behavior.”

Talent management is a process of recruiting righteous employees, strengthening their abilities, and inspiring them to enhance their performance in order to align their personal goals with organizational goals.

The basic goal of the domain is to develop a highly engaged workforce that will stay with your organization for the long term.

Let us now get a better understanding of what talent management is, its process, model, strategy, and benefits along with the job opportunities you will have after the completion of the talent management course.

What is Talent Management? 

Talent management is a systematic technique of getting the right people on board with the necessary aptitude and abilities in alignment with the organizational goals.

The process encompasses not only finding the perfect candidate at the right time but also inspecting your employee’s hidden talents in order to achieve the desired goals. It involves recognizing talent gaps and vacancies for different positions, onboarding suitable candidates, developing needed skills, and training for expertise to achieve long-term business goals.

Hiring talented employees is a major issue for businesses today but keeping them and more significantly adapting them to the company’s culture and getting the most out of them is a much bigger issue.

Top components of Talent Management

Attracting: Candidates who are the right fit for the company’s culture and have the necessary abilities to succeed in the given position.

Developing: The employees’ skills through training, as well as hiring the right candidate for the right position to utilize their skills to their maximum and attain the goals of the organization.

Retaining: Top-performing employees through a combination of remuneration along with a better understanding of their motivators so that they are more involved in the organization.

 

Best Benefits of Talent Management for an Organization

Talent management helps in the recruitment process of the employees who have the required skills, abilities, and experience to align with the goals and objectives of the organization.

Talent management strategies help ensure that the employees are assisted with the required support to upgrade their skills and align personal goals with organizational goals. With great support and engagement, employees tend to stay and grow in their respective roles, adding long-term value to the organization.

Strong talent management strategies also influence how companies rank themselves as a workplace. Furthermore, if employees are satisfied with the company’s talent management practices then they are likely to be optimistic about the company’s future prospects.

There are more benefits and broader aspects of talent management than the ones discussed above. These benefits are:
 

  • Hiring Right Person for the Right Role: Through strategic talent management, you can attract applicants with the required skills and strengths. This is particularly significant from both the organization’s and employee’s perspectives because the right person is hired for the right role. Job satisfaction is also higher since an individual’s interest is better aligned with his/her job role.
     
  • Retaining the Top Talent: Retaining the top talented employees of the organization is essential for the company’s leadership and growth. Companies that fail to retain their best employees risk falling behind their competitors. Well-structured onboarding methods offer a 69% higher retention rate. In the long run, this will help the company save money on hiring.
     
  • Understanding Employees Better: Employee evaluations provide management with in-depth information on their employees. Their training requirements, job goals, strengths, weaknesses, likes, and dislikes are all factors to consider. This makes the employees feel more involved that increases retention rates and ensures that the organization’s needs are met.
     
  • Improve Employee Performance: An organization’s quality is determined by the caliber of its employees. Having talented employees at the bottom is the most effective approach to having talent at the top. As a result, employee's performance will be improved.
     
  • Improve Business Performance: When the employees of your organization are skilled, motivated, and more involved, they are more likely to be aligned with the organizational goals which improve business performance and higher client satisfaction.
     

Key Steps of a Great Talent Management Process

Everything that is done from spotting talent, hiring them, training them, and keeping them motivated to retain them in order to achieve long-term organizational goals, is a part of the talent management process. In simpler terms, the way you handle human resources in an organization is known as the talent management process.

The steps given below will help you understand how to create a continuous talent management approach:

Planning: The first step in the talent management process is planning. The following aspects are involved in it:

  • Figuring out the requirement of human capital
  • Creating job descriptions for key roles to facilitate sourcing
  • Designing workforce plan for the process of hiring

Attracting: There are several stages for attracting the right talent:

Creating job ads and posting them on popular job sites and social network

Selecting: It involves preparing for interviews and other methods of identifying the best candidate for the position.

Personality assessments, group discussions, psychometric testing, written tests should all be considered in addition to standard interview questions.

Developing: In this stage, the employee is trained for the profile and job requirements. This method has the following steps:

  • Implementing an orientation program for the new employees
  • Improving personnel’s competencies to meet the job requirements
  • Employee counseling, directing, mentoring are all important aspects of the development

Retaining: Talent retention is successful for every organization’s long-term viability. Most companies aim to keep their top employees by granting appraisals and promotions, providing training for more advanced jobs, offering participation in special projects, and planning reward programs.

Succession Planning: Talent management seeks employees transformation for succession. Providing employee retirement benefits is one way to do it. It can also be done by conducting exit interviews with employees who decide to quit the organization. This will help you find out their concern and avoid the same issue in the future.

Exit Interviews: The exit interview is as essential as the onboarding interview. Understanding the causes of voluntary resignation and figuring out how to fix those concerns, is an important part of talent management.

Components of Talent Management Model

Many organizations have developed various talent management models throughout the year. However, talent management must evolve to meet the current trends and employees’ expectations.

The current talent management model is a technology-enabled, integrated process that encompasses all aspects of personnel management from beginning to end. 

The primary components of the integrated talent management model are:

Acquire: Create a brand for your organization and acquire qualified employees, then properly onboard them.

Assess: Track employee performance against succession plans on a regular basis, and utilize analytics to examine how well talent management strategies are accomplishing organizational goals.

Develop: Identify the potential in the employees and assist them with their advancement. Encourage a welcoming and positive environment.

Deploy: Make sure they have received the appropriate training to meet the company’s requirements, and keep an eye on their progress.

How to Create an Integrated Talent Management Strategy? 

The talent management model serves as the foundation for a talent management strategy. It should be aligned with your company’s objective and clearly outline the type of expertise you require.

Businesses need to have a holistic approach to talent management. HR management must strategize to empower and support business operations. Listed below are the six basic talent management strategies that act as the pillars:

Aligning business and human resource strategies: In the human resource department, business HR is the most growing function. Their main objective is to maintain a positive work environment and to ensure that business and HR functions work together without a hitch.

Rewards and Recognition: The process of rewarding and recognizing employees is a crucial component of the strategy to keep them motivated and engaged with the organizational goals. This is how businesses can show their employees how valuable they are for the organization.

Collaborative Coaching: The important aspect to make talent management strategies more effective is by mapping the talent and creating a culture of collaborative coaching. As organizations map the talent of their employees, they can help them evolve and develop their skills by providing the required coaching.

Comprehensive Growth Opportunities: As a part of talent management, appropriate career paths are purposely developed for each employee. There must be scope and opportunities in an organization for the comprehensive growth of its employees. This way, employees will be more likely to stay as they will have a plan to look forward to and they will be able to work effectively to achieve it.

Person-Organization Fit: For an employee to be comfortable with the company culture, their personal and organizational value must align to some extent. Flexibility is a crucial aspect for an organization to maintain its place in the market during trials and tribulations.

Challenges faced in Talent Management

Employee development, which is linked to workforce planning, is an important aspect of talent management. As surveyed by SHRM, it was a struggle for nearly two-third of firms to keep their employees’ morale boosted during remote working due to a sudden pandemic. One-third of companies are facing issues while maintaining company culture and managing the employees who are unable to work remotely. 

Given the current situation of the corporate world, talent management has become more important than ever.

Tips for Effective Talent Management

Following are 7 basic tips to improve talent management and effectively contribute towards achieving organizational goals:

  • Recognize the company’s long-term business objectives to make informed decisions regarding hiring and promotions
  • Plan a training and development program for employees to evolve and develop their skills and expertise
  • Create a policy for rewarding and recognizing employees
  • Recognize the talent gaps and needs to drive business
  • Create talent management strategies to bridge the gap
  • Recognize the significance and purpose of talent management to concentrate on the essential aspects of its succession
  • Establish an effective communication system.

Executive Development Program in Talent Management

Recruitment, selection, and retention are all important aspects of talent management. The main goal of talent management strategies is to make sure that the right people are hired for the right role. To do so, companies need to be sure of the important skills and expertise required as per the job criteria. This will help them attract the right talent. It is crucial to focus on the key characteristics of a candidate that set him apart from the rest of the competitive candidates.

Executive Development Program in Talent Management is designed for HR and management professionals who have or little no knowledge of talent management. This certification course on talent management offers an in-depth understanding of the talent management framework, how to plan career and succession, how to measure the effectiveness of talent management strategies, etc. 

Why you should pursue an online course from Talentedge? 

In this digital era, where everything is available on the internet, the popularity of online learning is also expanding like the clappers. There are numerous advantages of taking an online certification course such as honing your management skills. Working professionals can attend classes and learn while maintaining their daily routine with the regular jobs.

Doing an online certification course may demonstrate to the company that you are committed to your profession while striving for growth in your career. Also, you can put these skills to use in your current job.

A prominent ed-tech firm, Talentedge offers a range of online learning certification courses in association with the world’s leading institutes. The certificates from these renowned institutes carry immense prestige and add value to your career growth. Here are some of the features of these online certifications courses:

  • Working professionals will be benefitted from convenient weekend schedules
  • Digital learning that is both live and interactive
  • Practical and experiential learning
  • Doubt clearing sessions
     

FAQs on Talent Management Courses from XLRI

Q. What is Talent Management?

Ans: Talent management is a process to attract, select, hire, engage, and retain valuable employees while maintaining alignment with the organizational goals. By strategically managing talent, firms can create a high-performing workforce, and provide coaching to their employees for skill development.

Q. What is the difference between talent management and human resources? 

Ans: Even though we sometimes use talent management as a substitute for human resources. However, talent management is a function of the human resource department. Human resource is a broader concept that includes the responsibility of managing employees in an organization.

Q. What are the key components of Talent Management?

Ans: Talent acquisition and recruitment, selection, onboarding process, continuous training, performance management, employee development, reward and recognition, remuneration, and succession planning are some of the key components of talent management.

Q. What are the benefits of Talent Management? 

Ans: Important benefits of Talent Management are discussed. Talent management helps ensure that the right candidate is hired for the right position in the company. It also makes sure that their skills are effectively aligned with the goals and objectives of the company.

Q. What is a talent management specialist? 

Ans: A talent management specialist is in charge of the company’s talent management strategy. They collaborate with the human resource department, employees, and management to create and implement an effective and efficient talent management strategy.

 Q. Do I get any hands-on experience as well? 

Ans: Executive Development Program in Talent Management on Talentedge platform will be taught through real-life examples and case studies, general discussions, and doubt clearing sessions.

Q. Why should I do a Talent Management course online from Talentedge?

Ans: There are multiple advantages of doing talent management course online from Talentedge:

  • Working professionals will be benefitted from convenient weekend schedules
  • Digital learning that is both live and interactive
  • Practical and experiential learning
  • Doubt clearing sessions

 Q. Why does an organization need Talent Management?

Ans: There are various reasons for which an organization would need talent management, for instance,

  • To recognize the right talent for the right role in an organization
  • To make the hiring and promotion process more efficient
  • To develop a strategy for bridging the talent gap
  • To retain employees easily
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