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Talent Managment Strategy

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Assignment Three Talent Management Strategy
Strayer University
Talent Management – HRM 532
Dr. Mary D. Tranquillo
February 17, 2013
Formulate a talent management strategy to encompass the entire talent requirements of the organization. My organization is Common Grounds Coffeehouses. Common Grounds are specialty coffeehouses that support the community by offering a place to gather while enjoying specialty brews in a neighborhood setting that facilitates social networking in a friendly and safe environment. Common Grounds seek satisfied customers and committed productive employees. Common Grounds have an organizational structure of internal orientation/differentiation strategy. Common Grounds operations look to develop its own talent and keep that talent within the organization for extended periods of time (internal) while offering a valuable product and service that surpasses competitors (differentiation). Talent management can be used to gain and maintain a competitive edge. According to Silzer and Dowell (2010), having a formidable talent base will lead to increased financial success. Common Grounds look to develop a formidable talent base by having a talent management strategy that focuses on recruiting, selection, placement, onboarding, rewards/training development and retention. Each component of the talent management strategy will help the organization achieve its mission, vision and goals. Recruiting is important because it sets the stage for the talent pool that the organization will choose from. Selection is important because once the pool of talent is available the right choices of talent have to made in order to ensure success. Placement and onboarding are important because placement looks to put the right people in the right positions while onboarding introduces the culture and the organizational mindset in order to help create a connection between…...

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