Wednesday, December 18, 2019

The Management Of Talent Management - 1419 Words

Introduction Very few firms have the potential of truly inventing their strategies for the management of talent management. In most cases, they always evolve as dictated by various business demands. However, for the proactive firms, as well as those which are leading within their respective industries, customization, innovation, as well as creativity are not just components of talent strategy but they are generally the actual talent strategy. With about 2,000 workers, more than about 1,500 of whom are working in about 50 distribution centers, Netflix has generally strived to exercise creativity within the processes of talent management. Generally, the human resource management practices and policies that are applied by Netflix have been†¦show more content†¦Human Resource Practices of Netflix There are a number of practices that are adopted by Netflix. For instance, the firm hires, rewards, and also tolerates only the adults that are fully formed. This means that the firm hires individuals it trusts to carry out the right things within the organization. In the past years, the firm learnt that if it asked individuals to depend mainly on logic, as well as on common sense rather than formal policies, in most instances, it got better results at very low costs. Through proper and careful hiring, about 97% of the workers will strive to do the correct things, however, a number of firms generally spend lots of time, as well as money in writing, as well as enforcing various human resource polices in order to handle the problems that are caused by the remaining 3 percent (Whitney, 2008). Second, the firm has generally strived to tell the truth regarding performance. Netflix removed formal personal performance reviews. At the same time, the firm ensures that its managers, as well as its employees hold conversations regarding performance to be an organic component of their work. The firm instituted 360-degree reviews holding on the thought that individuals have the capacity to handle all things provided that the individuals are provided with the truth. The firm does not strive to identify or to recognize the top 10% or the bottom 30% , however, it strives to look at the whole area of talent both within and out

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