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Talent Management

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Talent Management
Talent Quotient Model for Effective Talent Management: An Empirical Study Dr. Ajay Kr. Singh & Ms. Sonia Sabharwal

Dr. Ajay Kr. Singh
Associate Professor & Coordinator –MHROD Program
Faculty of Commerce & Business
Delhi School of Economics
University of Delhi
Delhi -110007
E-mail: drajayksingh@gmail.com
Mobile: +91-9810108767

Ms. Sonia Sabharwal
Assistant Professor
Dept. of Commerce
P.G.D.A.V. College
(University of Delhi)
New Delhi-110065

Submitted for presentation in the technical session on “Talent Management in the Globalised Scenario”

in the
63rd All India Commerce Conference
Annual Conference of The Indian Commerce Association at Goa University, Goa from Oct. 1-3, 2010 Talent Quotient Model for Effective Talent Management: An Empirical Study Dr. Ajay Kr. Singh & Ms. Sonia Sabharwal

Abstract

In business, due to the current emphasis on intangible assets such as brand names, innovation, creativity, and entrepreneurship, greater than in the past, the arenas of today cater to companies that can harvest the potential of their key resources. In fact research suggests that not even the vision and strategy of a company are as important as the people that eventually will drive the company into the future. Regardless of the perspective taken, the fundamental question of what is and what is not considered to be talent needs to be addressed. Talent management requires HR professionals to understand how they define talent, who they regard as ‘the talented’. Based on a sample study of 70 respondents from the public and private service sector employees using factor analysis, seven important factors were found which constitute talent. It was also found after applying non-parametric Mann Whitney test that there is no significant difference between the opinion of public and private sector respondents. A model has been developed based on the primary data collected through structured questionnaire (the reliability of



References: Anderson, Cushing (2009), Succession Planning Gains Momentum, Chief Learning Officer, March BCG and World Federation of Personnel Management Associations. 2008. http://www.bcg.com/impact_expertise/publication/files/Aligning_Talent_for_Global_Advantage_Sep_07.pdf, Retrieved on Aug. 1, 2009. Berger, L.A. & Berger, D.R. (Ed.). 2004. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing and Promoting Your Best People, McGraw-Hill, New York Burns, R.B. & Burns, R.A. 2008. Business Research Methods and Statistics using SPSS, sage Publications Ltd., London. Branham, F.L. 2000. Keeping The People Who Keep You In Business: 24 Ways to Hang On To Your Most Valuable Talent, AMACOM, NY Bryan, L.L. 2007. The New Metrics of Corporate Performance: Profit Per Employees, The Mckinsey Quarterly, Feb. Cappelli, P. 2000. A Market-Driven Approach to Retaining Talent, Harvard Business Review, winter, Cappelli, P. 2008. Talent Management: For the Twenty First Century. Harvard Business Review, March, Pg 74-81 http://www.whytest.biz/UnderstandingAchiever.htm - Retrieved on August 30, 2009. Cedar Crestone. 2008-2009. HR Systems Survey, 11th Annual Edition http://www.cedarcrestone.com/benchmark.php-Retrieved on Aug.3, 09 Cheese Peter; Thomas Robert J. & Elizabeth. 2008. The Talent Powered Organization: Strategies for Globalization, Talent Management & High Performance, Kogan Page Ltd, London & Philadelphia Cronbach, I.J. 1951. Coefficient alpha and Internal consistency of test, Psycometrika 16, 297-334 DDI. 2009. http://www.ddiworld.com/Pdf/ Ddi_ Ninebestpracticetalent management_Wp.Pdf - Retrieved On 13th August 2009. Lynne, Morton. 2004. “Integrated and Integrative talent management: A Strategic HR Framowork” The Conference Board McKesson Corporation. 2004. Enterprise – Wide Talent Acquisition process gives McKesson a strategic Advantagehttp://www.trigconsulting.com/ tmr/tmr3/feature2.htm - Retrieved on August 1, 2009. Khan, Sharif. 2004., Psychology of the Hero Soul, Diamond Mind Enterprises, Distributed by Univ Lynne, Morton. 2004. “Integrated and Integrative talent management: A Strategic HR Framowork” The Conference Board Nunnally, J. C. 1978. Psychometric Theory, McGraw Hill, New York. Reed, Alec. 2001. Innovation in Human Resource Management, Chartered Institute of Personnel Development. Reilly, Peter. 2008. Identifying the Right Course for Talent Management, Public Personnel Management, winter, 37. Russell Reynolds Association. 2008. http://www.russellreynolds.com/pdf/thought/Leadership&TalentWhoIsontheFrontLineofYourWarforTalent.pdf, Retrieved on Sept. 2, 2009 Wikipedia on August 1, 2009 -----------------------

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