With the summit of Expo 2020 visible in the horizon of Dubai, the peak can be scaled only by talented manpower that would imbibe the spirit of its vision into its core.
The success of the event is directly dependent on acquiring, developing, sustaining and rewarding the talent that is required. The global expanse of EXPO 2020 stretches on a world that is getting flatter by the day with concurrent technical innovation and a seamless flow of information.
The Talent Management Cycle
The information and technology explosion that has taken place in the past two decades has resulted in the development of varied profiles across domains.
The basic aspects of talent management include strategic planning to acquire, develop and retain talent. The alignment of this strategy to the vision and objectives is critical to achieving success.
The processes involved in talent management are cyclic in nature. The different aspects of the talent management cycle are below:
– Acquire, the initial aspect of talent management involves analysis of the skills that are required and identifying the skills that are existent within the system. This is followed by acquiring the skills needed.
– Develop, this aspect deals with the development of talent within the design, and effective use of technology enabled learning solutions that are tailored to the skills mapped.
– Retain, the most critical aspect of talent management. Sustain the cycle by monitoring performance and rewarding the talent to maintain motivation.
Technology in Talent Management
Concurrent rise in demand for a quality workforce and technical innovations serve as drivers that enable effective talent management.
Information and communication innovations like social sourcing with the help of online tools such as LinkedIn have made the primary processes of identifying and acquiring talent easier.
Furthermore, the advances and development of Learning Management Systems and technology enabled learning models that blend the best of self-paced and face-to-face learning have streamlined the process of talent development within the system.
The retention of talent holds the key in sustaining the talent management model.
The development of technically empowered performance management and reporting methodologies have made the retention process efficient to execute.
All of the aspects of talent management can now be integrated on one platform.
This one technical platform serves to streamline all the processes involved in different aspects of talent management by effective integration of the applications.
Role of Learning Management Systems
The Learning Management System (LMS) has invariably and effectively enabled the process of talent development.
The wide technical bandwidth of an LMS in terms of hosting, tracking, assessing and reporting the learner progress makes it the best choice for development into a Talent Management system.
The connectivity of social sourcing applications into the system, followed by assessment of existing skills and integration of learning solutions into the LMS will empower the initiation and development aspect of the talent management cycle.
The evolution and integration of the performance evaluation and reporting, along with reward and certification methods such as the open badge system, have made the process of retention efficient and easy to blend into the LMS. For example, the successful and effective implementation of Totara, a Moodle based LMS will efficiently deal with all the aspects of the Talent Management cycle.
The structured evolution of the LMS into a robust platform with integration of varied social applications is the future for the changing horizon of talent management.