02-10-2012, 03:20 PM
A STUDY ON TALENT MANAGEMENT AT PIOLAX INDIA PRIVATE LIMITED IN NUNGAMBAKKAM, CHENNAI
A STUDY ON TALENT.pdf (Size: 818.44 KB / Downloads: 66)
ABSTRACT
The topic of the project is TALENT MANAGEMENT. Assessment of talent
to profile the level of capacities and set of competencies possessed within the organization.
Enhancing capacities to learn, think relate and act through development initiatives.Individual
growth to meet and accept varied incremental and transformational roles in an overall
scenario of acknowledged need for change.
The objectives of the study were to assess the entire procedure of talent
management. The research design under taken for the study was descriptive research type
and the sampling method used was census method. The total population of 100 workers was
covered. The primary source of data was collected from the employees through survey
method using a structured questionnaire. The data was collected through interview schedule
on a 5-point scale questionnaire. The secondary data was collected referring to the personnel
manual of the organisation.
INTRODUCTION
Talent management implies recognizing a person's inherent skills,
personality and offering him a matching job. Every person has a unique talent that
suits a particular job profile and any other position will cause discomfort. It is the job
of the Management, particularly the HR Department, to place candidates with
prudence and caution. A wrong fit will result in further hiring, re-training and other
wasteful activities. Talent Management is beneficial to both the organization and the
employees. The organization benefits from: Increased productivity and capability; a
better linkage between individuals' efforts and business goals; commitment of valued
employees; reduced turnover; increased bench strength and a better fit between
people's jobs and skills. Employees benefit from: Higher motivation and commitment;
career development; increased knowledge about and contribution to company goals;
sustained motivation and job satisfaction.
In these days of highly competitive world, where change is the only constant
factor, it is important for an organization to develop the most important resource of all
- the Human Resource. In this globalize world, it is only the Human Resource that can
provide an organization the competitive edge because under the new trade
agreements, technology can be easily transferred from one country to another and
there is no dearth for sources of cheap finance. But it is the talented workforce that is
very hard to find.
Overseas bases and business expansion
PIOLAX is widely trading with overseas car makers as well. For these past 10
years, we have worked toward developing our bases worldwide by expanding our production
and sales bases in overseas countries as well as in Japan and by promoting business in the
U.S., Asia, and Europe. Along with global deployment, however, establishing a solid system
locally (i.e. in each base) is also important. We recognize that our very mission is to establish
such a "global" system and survive in severe competitions. Recent years, we have been
expanding our business to the fields of medical appliances and daily living equipment, in
addition to automobile parts.
LIMITATIONS OF THE STUDY
All the functions are only related with the personnel department.
Limitation about the working hour of the worker in the factory.
Limitation about the time and absenteeism.
Company not allowing to disclose confidential information
Time factor was the major limitation of this survey. Because during survey
any activity of organization which is directly or indirectly related to the
production process should not disturb due to survey.
THEORETICAL PERSPECTIVES
Talent management implies recognizing a person's inherent skills, traits,
personality and offering him a matching job. Every person has a unique talent that
suits a particular job profile and any other position will cause discomfort. It is the job
of the Management, particularly the HR Department, to place candidates with
prudence and caution. A wrong fit will result in further hiring, re-training and other
wasteful activities.
Talent Management is beneficial to both the organization and the employees. The
organization benefits from: Increased productivity and capability; a better linkage
between individuals' efforts and business goals; commitment of valued employees;
reduced turnover; increased bench strength and a better fit between people's jobs and
skills. Employees benefit from: Higher motivation and commitment; career
development; increased knowledge about and contribution to company goals;
sustained motivation and job satisfaction.
In these days of highly competitive world, where change is the only constant
factor,it is important for an organization to develop the most important resource of all - the
Human Resource. In this globalize world, it is only the Human Resource that can
provide an organization the competitive edge because under the new trade
agreements, technology can be easily transferred from one country to another and
there is no dearth for sources of cheap finance. But it is the talented workforce that is
very hard to find.
Shielding from High Work Pressure:
If an organization has to make the most of the available talent, they should be
provided with adequate time to relax, so that they can did-stress themselves. It is very
important to provide them with holidays and all-expenses-paid trips, so that they can
come back refreshed to work and with increased energy. They must also be
encouraged to pursue their interests which are also a good way of reducing work
environment stress. Recreation clubs, entertain programs, fun activities with in the
work area will also reduce the work life stress of the employees and develop
camaraderie among the workers and result in a good working environment.
REVIEW OF LITERATURE
A detailed survey of the concerned literature has been carried out based
on various journals,reviews concerned magazines and internet and presented below.Any
organization needs to have a vision and a well defined strategy on hiring for the future. We
should have the right talent to attract and retain the best available talent for which a number
of measures for talent management are required.Emphasis has been paid on initiatives that
can be put in place to help organization to retain and nurture the talent.The fundamental
aspects about the definitions of human resources have been discussed and planning of new
models has been discussed. The need to disband the conventional school of thoughts about
organizational behavior has been advocated and a new approach has been suggested for HR.
The Strategic Development of talent by William J. Rothwell.Rothwell ignites the imagination
, expands the possibilities, and offers practical strategies any organization can use to
effectively develop, retain and utilize talent for the benefit of an organization and enter the
fluid, flexible future.Managers at all levels will cheer the sanity Rothwell suggests. The
Talent Management handbook creating organizational Excellence by identifying,
developing, and promoting your best people by Lance A. Berger.This is an outstanding
reference work that succinctly explains a simple and practical approach to the identification,
assessment and management of talent in the current , dynamic operating business
environment. The book plainly gives advice on how to avoid high staff turnover, poor
morale, and poor performance.Newsletter Sriiddar S. Preetham , Managing talent, HRD
Newsletter, vol 23 issue 4 focussing on the challenge of attracting and retaining talent faced
by Indian HR managers, the article outlines initiative that can be put in place to help
organization retain nurture and retain the talent.
CONCLUSION
The researcher has done the study after a pain taking efforts by
identifying the objectives , structuring the questionnaire and generating samples. After
analysing the raw data , suitable inference were drawn and findings were identified.
The researcher also after give suggestion to the company. This project will be useful
for the future researcher taking up a similar area of study.