Linea Clothing Internal Talent Pool

According to the organizational strategies and future plans there is a requirement of a talent pool which identify and develop needed leadership talent to execute business strategies. When the future of the organization becomes more predictable, internal development and a broader talent pool is to be essential to address future needs of the organization.

Key levels and positions of each critical areas of the Linea Clothing has to be considered to formulate and execute a backup with necessary talents in place.

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Developing Internal Talent Pool

Talent pool required relevant competencies. Numbers of talents in this pool should align with department capability on business strategy and succession planning.  To achieve a match on talent and capability between existing and proposed leadership, talent development can be implemented in two different ways. (Deters, 2017)

·         “On demand” approach – identifying specific backup candidates for given key positions and every key position should have at least one backup candidate.

·         “In stock” approach – several internal candidates with potential to fill key positions will have been developed. Having talents “in stock” allows a quick and flexible response to the rapidly changing needs of the business.

Continuing an Internal Talent Pool

Talent management is essential to continue a talent pool. Management of talents enables business to meet business talent demands which are vital for the business strategies, talent management focuses on business prospects and aims to bring out the potentiality of each individual employee and recognizes the importance of maintaining individuals with requisite talents. (Kurgat, 2016). Below diagram shows that activities which has to be practiced to maintain an excellent talent pool. (Silzer & Dowell, 2009)

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Bibliography

1.Deters, J., (2017). Global Leadership Talent Management: Successful Selection of Global Leadership Talents as an Integrated Process. s.l.:Emerald Group Publishing.

2.Silzer, R. & Dowell, B. E., (2009). Strategy-Driven Talent Management: A Leadership Imperative. s.l.:John Wiley & Sons.

3. Kurgat, A.C.,(2016). ‘Talent Management and its Importance for Today’s Organizations’, International Journal of Advances in Management and Economics, Available at: www.managementjournal.info (Accessed: 22/11/2017 at 9.56pm).