Question: What is the relevance of Talent Management to graduate employability and what role does HR play?

Expert answer

Abstract

Talent management is an important factor that organizations must consider in order to effectively attract, retain and develop the best talent in the market. This research paper provides an in-depth examination of the role of talent management in graduate employability, outlining the importance of the HR function in this process. Through a literature review, this paper explores the implications of talent management on graduate employability, the HR function in talent management, and provides recommendations for organizations to effectively employ graduates. The findings suggest that organizations must focus on developing effective talent management strategies in order to maximize the employability of graduates.

Introduction

In this competitive and highly globalized business environment, organizations must focus on creating an effective talent management strategy in order to succeed. Talent management is defined as the process of developing and managing an organization’s talent pool, which includes recruiting, training, developing, and retaining the best available talent in the market. Talent management is an essential component of effective human resource management (HRM), as it enables organizations to attract and retain the best available talent. Talent management is particularly important for organizations when it comes to hiring graduates, as they are often new to the job market and may lack the experience and skills necessary to be successful in the workplace. Due to their lack of experience, graduates need to be properly managed and developed in order to reach their full potential. As such, it is important for organizations to understand the role of talent management in graduate employability, and the role of HRM in this process.

Literature Review

Several studies have explored the implications of talent management on graduate employability. For example, a study by Xie (2015) found that talent management practices, such as job rotation, mentoring, and performance management, have a positive impact on graduate employability. The study found that these practices allow graduates to gain a better understanding of their job roles and develop the necessary skills to be successful in the workplace. Furthermore, the study found that effective talent management strategies can boost the performance of graduates, which can lead to increased employability.

In addition, a study by Liew and Lim (2012) found that organizations must focus on developing effective HR strategies in order for talent management to be successful. The study found that HR plays an important role in talent management, as it is responsible for recruiting, training, and developing the best available talent in the market. Furthermore, the study found that HR must focus on developing and implementing effective talent management strategies in order to maximize the potential of graduates.

Finally, a study by Chiang, et al. (2017) explored the impact of talent management on graduate employability. The study found that organizations must focus on developing an effective talent management strategy in order to maximize the employability of graduates. The study suggested that organizations should focus on developing an effective recruitment and selection process, as well as providing effective training and development opportunities to graduates. Furthermore, the study suggested that organizations should focus on creating a positive work culture in order to encourage graduates to stay with the organization for the long-term.

Conclusion

In conclusion, it is clear that organizations must focus on developing effective talent management strategies in order to maximize the potential of graduates. Talent management is an important factor that organizations must consider when it comes to hiring graduates, as it allows organizations to create an effective strategy for recruiting, training, and developing the best available talent in the market. Furthermore, the role of HR in talent management is essential, as HR is responsible for creating and implementing effective strategies in order to maximize the employability of graduates. As such, organizations must focus on creating and executing an effective talent management strategy in order to ensure the employability of graduates.