In today's business, the management focus is shifting from financial capital and technology to human resources, which requires developing new competencies in HR managers. Finding, developing and retaining valuable employees, and integrating these activities into a focused company strategy and policy, is key to achieving the business goals and success of the company.Numerous studies and publications on this topic show how successful companies not only follow but also improve procedures and norms in human capital management, In today's world, those organizations that themselves, as commodities, are the most attractive in the labor market; organizations that do their best to attract, help develop and retain the best talent at all levels of the management hierarchy.Organizations are now focused on a new set of strategic issues:- How to make the recruitment process more efficient and effective, based on competence ("competency based") rather than sorting CVs;- How to develop managers and leaders, strengthen culture, establish values, and create a sustainable leadership development system;- How to quickly identify gaps in key competences in order to provide training, e-learning or development programs to fill these gaps? How to use these gaps to hire just the right people;- How to manage people in a consistent and measurable manner so that everyone is held accountable and motivated in accordance with their performance;- How to identify high scores and successors of key positions in the organization;- How to choose training that is adequate, flexible, timely and convenient?Solving these challenging issues requires creating new processes and systems. They require close integration between the different HR functions and direct integration into business management processes. It is precisely the study of these challenges that is the purpose of this article.
CITATION STYLE
Stoyanova, T., & Stoyanov, P. (2019). STRATEGICAL APPROACH ON TALENT MANAGEMENT IN THE ORGANIZATION. Knowledge International Journal, 31(1), 247–251. https://doi.org/10.35120/kij3101247s
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