Lanterna Rally

Author: Luela Hilton

Publisher: Socialy Press

Published: 2017-06

Total Pages: 316

ISBN-13: 9781681177335

We all know the demands of starting up and running a business. With so many things to focus on, delegation and prioritisation become important from an early stage. But many entrepreneurs mistakenly give low priority to talent management practices, relegate them to an HR administrator or even ignore them altogether, thinking theyre unimportant administrative activities. One of the biggest challenges facing companies all over the world is building and sustaining a strong talent pipeline. Talent has become the vital resource for organisations through a wide range of sectors in the world including business, non-profit, and government. Not only do businesses need to adjust to shifting demographics and work force preferences, but they must also build new capabilities and revitalize their organisations -- all while investing in new technologies, globalizing their operations and contending with new competitors. The role of human resources within the corporate structure has changed dramatically over the years. HR departments focused solely on personnel functions like hiring, payroll, and benefits until changes to corporate culture in the 1980s introduced the concept of strategic HR. Human resources departments then became involved in overall business strategy like organisational development through training, leading corporate communications, and developing total compensation systems. While HR departments continue to focus on these strategic goals, there has been a recent shift toward "talent management. Talent management introduces new strategic goals to streamline hiring and leadership succession processes using the employee lifecycle model. Using the employee lifecycle model, HR guides employees through each stage of their career with the company from competency-based recruitment to career development, through termination/transition. This book provides a synthesised understanding of entrepreneurial mobility and talent management in the entrepreneurship and innovation ecosystem. The text discusses the linkage between global talent management and corporate entrepreneurship literature by providing a number of research propositions. The focus on the role human capital, innovative recruitment practices and cross-cultural staffing policies have on organisational performance. This facilitates a better understanding about how entrepreneurial thinking is encompassed into an organisational context by utilising global talent management practices. This book will be of valuable tool for scholars and students in entrepreneurship and talent management will find the scope for future research useful in their work. Entrepreneurs and policymakers will benefit from the examination of global perspectives and different national contexts.