Assignment: Current Talent Management Function
Before beginning any talent management initiative, a strengths, weaknesses, opportunities, and threats (SWOT) analysis of an organization's current talent management function can help ensure the initiative is adding value to the organization. It can also lead to sound decisions and act as a foundation for the initiative. The first step of developing the SWOT matrix involves the collection and evaluation of key data. Depending on the organization, these data might include population demographics, diversity of products, technology, financial footing, legal environment, acquisitions, and regulatory or political climate.
Once the data have been collected and analyzed, the organization's capabilities in these areas are assessed. In Step 2 of the SWOT analysis, data on the organization are collected and sorted into four categories: strengths, weaknesses, opportunities, and threats. Strengths and weaknesses stem from factors within the organization, whereas opportunities and threats usually arise from external factors.
All papers will have an introductory paragraph that tells us a little about talent management and the use of SWOT, then introduces the company that you are preparing the SWOT for, followed by a section where you will create a minimum of 3 statements in each dimension, internal and external, to be used in each area of the SWOT, for a minimum of 12 statements that align the talent management initiative with the organizational strategy.
There should be a conclusive paragraph that hits the top 2 - 4 key points made in the paper, followed by references that were used for all the in-text citations. Use APA format and draw upon this week's readings and your research on SWOT analysis.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Readings for assignments
Silzer, R., & Dowell, B. E. (Eds.). (2010). Strategy-driven talent management: A leadership imperative. San Francisco, CA: Jossey-Bass.
Chapter 1, "Strategic Talent Management Matters"
This chapter explores the importance of talent management. It discusses the business outcomes and strategic values that talent management can have for an organization.
Chapter 2, "Building Competitive Advantage Through Integrated Talent Management"
This chapter defines talent management. It discusses integrating talent within the organizational strategy in order to gain a competitive advantage.
Johnson, M. (2010). Honing a talent for retaining talent. Financial Executive, 26(5), 20-24.
King, J. (2010). IT Careers 2020. Computerworld, 44(16), 14-19.
Ready, D. A., & Conger, J. A. (2007). Make Your Company a Talent Factory.