Strayer University SWOT Analysis of Usefulness of Talent Management Discussion

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gvreent15

Business Finance

Strayer University

Description

  • Create a SWOT analysis of the usefulness of talent management in general. List the Strengths, Weaknesses, Opportunities and Threats (SWOT) that could propel an organization toward the creation of a specific method to identify and develop the talent within the organization.

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Explanation & Answer

Attached.

1

SWOT Analysis OUTLINE

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I.

Strengths
A. The critical strengths that an organization must consider in talent management include (1)
positive brand image, (2) financial position, (3) lucrative compensation plans, (4) highprofit margins, and (5) provision of both non-monetary and monetary rewards.
B. These strengths are critical in talent management because they inform an organization on
its position in talent acquisition over the rival companies (Kumar AP, 2019).

II.

Weaknesses
A. The major weaknesses that an organization should consider in talent management include
(1) high worker conflicts, (2) high cost of operation, (3) leadership limitations, (4)
management conflicts, and (5) high dependence on third-party entities.
B. In talent management, highlighting these weaknesses help decision-makers within an
organization to identify areas that require more attention (Martinez, 2017).

III.

Opportunities

A. The major opportunities that an organization should consider in talent management
include (1) increasing talent pool and skill-sets, (2) new favorable taxation policy that
positively influences the organization, (3) decreasing cost of talent acquisition and
general opportunities, (4) emergence of new technology, (5) economic upticks, and (6)
stable cash flows.
B. Having a clear familiarity with these opportunities helps an ...


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