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TM-Q11
PGDM-HRM 2011-13: Term-V

TALENT MANAGEMENT
Credits 3.0
Faculty Name Tapas Kumar Das
Program PGDM(HRM), Talent Management
Academic Year and Term 2012, Term V


A. COURSE DESCRIPTION In this era of globalization and uncertainty, talent management has become a top business priority for organizations. Surveys by Mckinsey, Hewitt & DDI have shown that companies with stronger talent management process enjoy higher return on equity and profit when compared with their competitors over a period of time. Hence, it is no longer an option but a strategic imperative for organizations to drive their talent management effectively in order to survive and thrive in a chaotic world. No wonder, Talent Management has become the top priority for Business Managers & HR Managers
Talent Management is about making sure that organization has the right talent in the right places to achieve the business objectives. In simplest term, talent management is about acquiring, identifying, developing, engaging & deploying talent in line with organization’s current and future business goals. A structured talent management process will systematically close the gap between the human capital an organization currently has and the leadership talent it will eventually need to respond to business challenges. An effective talent management system builds a winning organization by accelerating the development of high potential employees.
This 3.0 credit course covers detailed topics related to concepts & practices of Talent Management. The course will give a comprehensive understanding of entire range of talent management processes & strategies. Those who attend the class will learn end to end talent management process and will acquire professional expertise to design and implement talent management strategy in an organization.
B. STUDENT LEARNING OUTCOMES:
· Gain conceptual clarity on Talent Management.
· Understand how organizations globally & in India acquire, identify, develop, engage & deploy talent to support their business plan.
· Design and implement talent management strategy and process in organizations.
· Acquire necessary professional skill & expertise as Line Managers & HR Managers to drive talent management in organizations.
· Gain self awareness and insight in to own potentials and how to leverage potential to maximize individual success.
· How organizations can strategically leverage top talent to support their business objectives.
· Why many organizations fail to effectively manage talent and how global organizations achieve it.
· What are those competencies which are at a premium in today’s global and uncertain environment? Can they be developed (i,e- adaptability, flexibility, seizing opportunities and intuition etc..)?
· How to get top talents work effectively as a team & build synergy?
· What is the common thread in identifying & developing talents in different fields – sports, politics, social sectors and business organizations?
· What are my key strengths and talent and how to I leverage them. What are my fatal flaws and what should I do about it.


C. TOPICS: Broadly, the course will cover following topics

· Overview of Talent Management & it’s importance.
· Conceptual framework of Talent Management.
· Leadership Competency Framework & Talent Management
· Identifying & assessing Talent; Tools & Techniques
· Assessment Center as a tool for assessing and developing talent.
· Developing Talent; Concept, Strategy, Tools & Techniques.
· Developing critical leadership skill in an era of globalization & uncertainty.
· Coaching as an enabler for developing talent.
· Designing & implementing ‘Feedback Mechanism (including 360 degree feedback)’ for talent development.
· Integrated HR Systems for Talent Management; Aligning PMS, Recruitment, Training & career management.
· Managing Performance of High Potential Employees & Reward/Recognition strategies.
· Succession Planning & Leadership Development – Concept & Practices.
· Talent Management Strategy in Organizations.
· Attracting, Retaining & Motivating Talent - Best Practices.
· Building talent culture – issues, challenges & solutions.
· Self awareness as a critical attribute for leveraging talent.
· Talent Audit, Talent Score Card & measuring effectiveness of Talent Management.
· Summing up & concluding remarks
D. REFERENCE BOOKS & SUGGESTED READINGS 1) Talent IQ, Murphy, 2009.
2) Building leadership pipeline, Ram Charan, 2008
3) The differentiated workforce, Richard Beatty & Huselid, HBS Press – 2010.
4) Leadership Brand, Dave Ulrich & Smallwood, Harvard Business School Press -2010
5) Leadership at all levels, Ram Charan, Wiley, 2008
6) Leadership Score Card, Philips & Schmdt, Elsevier, 2004.
7) Talent on demand, Peter Capelli, HBS -2010.
8) Competency at work, Spencer , 2006.
9) Talent Masters, Ram Charan & Conaty, Random House -2011.
10) Assessment Center, Nitin Sarwdaekar, Penguin, 2008. Cycle of Leadership, Noel Tichy, Harper Collins-2009. Gold Rush, Michel Jhonson, 2011. 1. E. METHODOLOGY: · Lectures, Video Films
· Case Discussions.
· Individual & Group work.
· Simulations.
· Best Practices sharing.

F. EVALUATION:

Individual Project: Details will be given when class commences. ---------------------------------------------------------------------------------------------------------------------------- Created By: Debasis Mohanty on 07/30/2012 at 12:47 PM
Category: PGDM (HRM)-II Doctype: Document

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