Talent resource management can leave dynamic impacts on growth and success of a business or company. Talent resource management depends upon managing your entire performance. It can do wonders if managed properly. Talent resources have a tendency to make or break a company’s image. There are both positive and negative effects of talent resource management.
If high performance workforce is not employed properly in their respective departments, it may discourage them and lower their performance levels. To keep the growth level constant or increasing, employees should be assigned work according to their talent so it keeps them motivated and loyal to their duties. The key factors affecting the growth in any way are discussed below.
1) Role of the Senior Management
To get the positive results of the resource management, it is very important to mange the entire performance of the workforce. The senior management should be able to manipulate the man force and link it directly to the success factors. Poor talent management obstructs the growth and lowers the morale of the employees.
2) Skilled Talent at Key Posts
Talent is the most precious and valuable asset of any organization. Skilled and high performance workforce should be employed at the key posts. However, attracting the right people for the right work, retaining them and keeping them engaged with the task mainly drives the success story. Key posts lacking the skilled talent mean transferring this defect down to the last level of the paradigm.
3) Excess of Talent at Strategic Levels
Proper resource management refers to perfect allocation of talent at all the strategic levels of the business. This allocation should be done in such a way that it keeps the optimism alive in all the employees. Excess of talent at a certain level results in lack of accountability and sometimes create dominance of certain people. ‘Excess of everything is bad’ should be kept in mind here.
4) Shortage of Talent at Strategic Levels
Shortage of talent can leave disastrous effects. A person who is not capable or talented enough should not be trusted even for minor tasks. Sometimes, petty works are assigned to any random employee considering their size, but since these petty and minor tasks make the base of a large project, they are equally important in affecting growth.
5) High Potential Leaders
Influential and high potential leaders accelerate the growth of an organization. Too few potential leaders affect the efficiency of the workforce under them. If the leader does not have the required potential, he cannot motivate the employees and leads to dull results.
6) Loss of Top Management to other Organizations
If the talent resources are not managed properly, they can keep the organization from growing. Most of the organizations fail to retain their top talented management and it gravely affects the growth.
It may be because of the poor annual performance reviews of a company and the top management thinks that their portfolio is being affected because of this. In some organizations, the top management is restricted to take their decisions to a limited level and they don’t feel comfortable.
Talent resource management can easily accelerate or decelerate a company’s growth, so keen efforts should be used to make it a positive factor for the company.