The Tipping Point for Talent Management Essay Example | Topics and Well Written Essays - 750 words

The Tipping Point for Talent Management - Essay Example They cannot take he risk to lose them since it will create a lot of problems for them considering the present economic situation. This has resulted in the practices that lead to talent management. Due to the economic environment, organizations have to focus on the planning out their sourcing decisions that would be based on the capabilities of the employees and the gaps that exist between them, emphasize on the usage of flexible work environment, pay attention to core vs. non core activities related to work. The biggest factor that is contributing to the tipping point for talent management practices is globalization. There are a lot of factors that are contributing to the change but globalization’s impact is immense; it makes us see how rapidly changes take place and how beliefs that were once firmly held are wavering and some don’t even exist. The effects that have been observed due to globalization are as discussed below: Initially it was considered that talent management, its development and training practices go parallel. However recent studies and researches show that it is not so; the researches show that 70% of what needs to be done at the job is learnt at the job itself. Trend has evolved and it can be seen that informal training is more efficient than the formal training sessions which includes activities such as cross functional teams, assignments at the international level, stretch assignments etc. The introduction of integrated talent management program is also another method to choose the best employees who would fit in a particular organization or job equation more appropriately. This includes various activities in which the employees acknowledge their competencies, work on them ultimately improvising on their present skills and the company also contributes to the development of attributes and qualities of the employees. This includes the process of recruitment, selection

Write a topic for this essay Article Example | Topics and Well Written Essays - 500 words

Write a topic for this essay - Article Example Goldleaf Jewelry is focusing on increasing its revenue after it registered $21 million profit in the last three quarters of 2013 (The Wall Street Journal 1). This development has several implications on the United States economy. Firstly, the entry of the Chinese company into the United States oil industry means that there is foreign currency that shall land into China courtesy of the investment. This means that United States will lose some resources than it used to get when the United States based company, ERG resources was the one in charge of the oilfields. They are likely to bring some of the Chinese’s technocrats at the expense of the jobless citizens in the United States. This reduces the employability of the Americans. Another aspect is that China is rising very fast as an economic superpower, threatening the position taken by United States for years. With the entry of China into United States may create an impression to the world that China is the force to reckon with. As much as the Chinese company may adhere to the regulations, there is a potential risk that they may overexploit the resource hence causing a fast exhaustion. This issue may result to depletion of United States oil reserves in the near