Making A BusinessCase Talent Management Case Study

Making A BusinessCase Talent Management - Case Study Example hin the current context of the university, and means by which other universities are utilizing talent management as a way to define their human resource capabilities to the highest possible extent. Firstly, with regards to what talent management necessarily engenders, it is a practice that fits hand in glove with the university’s stated mission of providing excellence in education and research both to its students, faculty, the community at large, and various other shareholders. Furthermore, talent management is a way to seek to develop some of the existing resources that the university may hold and be completely unaware of. In this way of consideration, one should also consider the potential savings that could be realized through implementing a thorough and well defined talent management policy. For instance, the economic realities of the current system indicate that the cost of new hires is on average several percentage points above the salaries of existing employees that the university retains. Using simple logic, one can quickly infer that merely developing some of the talent potential that exists within the university itself can be a means of greatly reducing the c osts of potential new hires. However, such a means of implementation will not work unless the employees in question are retained. This is another unique factor that talent management offers the firm or organization that seeks to put it into practice. Whereas a lack of a talent management process necessarily leads to a rather high turnover rate, a well established talent management policy allows for the human resources of the university to be appreciated and developed in a way that only encourages their continued employment with the organization. This win-win situation is one in which costs are held law, turnover is reduced, and employees are able to develop a sense of accomplishment and appreciation within the system itself. Similarly, a litany of studies, to include one performed by the