UNLEASHING INNOVATION THROUGH EFFECTIVE TALENT MANAGEMENT: A COMPARATIVE ANALYSIS OF STRATEGIES AND PRACTICES IN DIVERSE INDUSTRIAL
Keywords:
Talent Management, innovation, Technology, Health, Education, Manufacturing, Career Development, Recruitment, Talent Retention, Company Performance
Abstract
This research discusses the urgency of talent management in four industrial sectors: technology, health, education, and manufacturing. The main objective is to understand how each sector faces the challenges of attracting, developing and retaining quality talent and the impact on company performance. Qualitative methods were used with in-depth interviews with HR managers and executives in each sector. The research results show that each sector has unique needs and challenges. The technology industry is facing stiff competition for talent with high technical skills and is adopting innovative approaches to recruitment. The health sector emphasizes the importance of scholarships and training programs to overcome the shortage of qualified medical personnel, especially in remote areas. Educational institutions focus on professional development and competitive compensation to attract and retain quality faculty. Meanwhile, the manufacturing sector prioritizes training programs and collaboration with vocational schools to develop technical and managerial skills. Effective talent management strategies have proven important in improving company performance in all sectors studied. This research suggests that companies need to adapt talent management strategies according to their respective industry contexts to maximize organizational competitiveness and success in dynamic global markets.
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Shikweni, S., Schurink, W., & Van Wyk, R. (2019). Talent management in the South African construction industry. SA Journal of Human Resource Management, 17(1), 1–12. https://doi.org/10.4102/sajhrm.v17i0.1094
Sivakami, R. (2018). Role of employer branding in talent management in today’s digital era. J. Mod. Manag. Entrep, 8, 117–122.
Skuza, A., Woldu, H. G., & Alborz, S. (2022). Who is talent? Implications of talent definitions for talent management practice 1. Economics and Business Review, 8(4), 109–135. https://doi.org/10.18559/ebr.2022.4.7
Sopiah, S., Kurniawan, D. T., Nora, E., & Narmaditya, B. S. (2020). Does talent management affect employee performance?: The moderating role of work engagement. The Journal of Asian Finance, Economics and Business, 7(7), 335–341. https://doi.org/10.13106/jafeb.2020.vol7.no7.335
Sparrow, P. (2019). A historical analysis of critiques in the talent management debate. BRQ Business Research Quarterly, 22(3), 160–170. https://doi.org/https://doi.org/10.1016/j.brq.2019.05.001
Trigunait, R., & Taruna. (2020). Innovative practices of talent management in digital age: A systematic review. Journal of Engineering Sciences, 11(1), 7–15.
Tuli, F. A. (2023). Transforming Talent Management: The Journey to E-Human Resources Excellence. Asian Business Review, 13(2), 29–38. https://doi.org/10.18034/abr.v13i2.685
Barkhuizen, E. N., & Masale, R. L. (2024). Leadership talent mindset as a catalyst for talent management and talent retention: The case of a Botswana local government institution. SA Journal of Human Resource Management, 20(1), 1914. https://doi.org/10.4102/sajhrm.v20i0.1914
Barkhuizen, N. E., & Gumede, B. (2021). The relationship between talent management, job satisfaction and voluntary turnover intentions of employees in a selected government institution. SA Journal of Human Resource Management, 19, 12. https://doi.org/10.4102/sajhrm.v19i0.1396
Cai, L., Ji, Y., Wijekoon, C., & Yuan, Y. (2023). Decision-Making on Selection of Talent Management Methods in the Era of Digitalization. Systems, Vol. 11. https://doi.org/10.3390/systems11090450
Claus, L. (2019). HR disruption—Time already to reinvent talent management. BRQ Business Research Quarterly, 22(3), 207–215. https://doi.org/https://doi.org/10.1016/j.brq.2019.04.002
Collings, D. G., & Mellahi, K. (2009). Strategic talent management: A review and research agenda. Human Resource Management Review, 19(4), 304–313. https://doi.org/10.1016/j.hrmr.2009.04.001
Collings, D. G., Scullion, H., & Vaiman, V. (2015). Talent management: Progress and prospects. Human Resource Management Review, 25(3), 233–235. https://doi.org/10.1016/j.hrmr.2015.04.005
Edeh, F. O., Zayed, N. M., Perevozova, I., Kryshtal, H., & Nitsenko, V. (2022). Talent management in the hospitality sector: predicting discretionary work behaviour. Administrative Sciences, 12(4), 122. https://doi.org/10.3390/admsci12040122
Faqihi, A., & Miah, S. J. (2023). Artificial Intelligence-Driven Talent Management System: Exploring the Risks and Options for Constructing a Theoretical Foundation. Journal of Risk and Financial Management, Vol. 16. https://doi.org/10.3390/jrfm16010031
Gallardo-Gallardo, E., Thunnissen, M., & Scullion, H. (2020). Talent management: context matters. The International Journal of Human Resource Management, 31(4), 457–473. https://doi.org/10.1080/09585192.2019.1642645
Jooss, S., Collings, D. G., McMackin, J., & Dickmann, M. (2024). A skills-matching perspective on talent management: Developing strategic agility. Human Resource Management, 63(1), 141–157. https://doi.org/https://doi.org/10.1002/hrm.22192
Kaliannan, M., Darmalinggam, D., Dorasamy, M., & Abraham, M. (2023). Inclusive talent development as a key talent management approach: A systematic literature review. Human Resource Management Review, 33(1), 100926. https://doi.org/https://doi.org/10.1016/j.hrmr.2022.100926
Kozjek, T., & Franca, V. (2020). Talent management in the public sector. Cent. Eur. Pub. Admin. Rev., 18(2), 53–71. https://doi.org/10.17573/cepar.2020.2.03
Kumar, S. (2022). The impact of talent management practices on employee turnover and retention intentions. Global Business and Organizational Excellence, 41(2), 21–34. https://doi.org/https://doi.org/10.1002/joe.22130
Lewis, R. E., & Heckman, R. J. (2006). Talent management: A critical review. Human Resource Management Review, 16(2), 139–154. https://doi.org/https://doi.org/10.1016/j.hrmr.2006.03.001
Mitosis, K. D., Lamnisos, D., & Talias, M. A. (2021). Talent Management in Healthcare: A Systematic Qualitative Review. Sustainability, Vol. 13. https://doi.org/10.3390/su13084469
Montero Guerra, J. M., Danvila-del-Valle, I., & Méndez-Suárez, M. (2023). The impact of digital transformation on talent management. Technological Forecasting and Social Change, 188, 122291. https://doi.org/https://doi.org/10.1016/j.techfore.2022.122291
Mujtaba, M., Mubarik, M. S., & Soomro, K. A. (2022). Measuring talent management: a proposed construct. Employee Relations: The International Journal, 44(5), 1192–1215. https://doi.org/10.1108/ER-05-2021-0224
Musakuro, R. N. (2022). A framework development for talent management in the higher education sector. SA Journal of Human Resource Management, 20, 1671. https://doi.org/10.4102/sajhrm.v20i0.1671
Narayanan, A., Rajithakumar, S., & Menon, M. (2018). Talent Management and Employee Retention: An Integrative Research Framework. Human Resource Development Review, 18(2), 228–247. https://doi.org/10.1177/1534484318812159
Neo, V., Almunawar, M. N., & Raimi, L. (2023). Talent Management in the Digital Era. Routledge. https://doi.org/10.4324/9781003388753-1
Painter-Morland, M., Kirk, S., Deslandes, G., & Tansley, C. (2019). Talent Management: The Good, the Bad, and the Possible. European Management Review, 16(1), 135–146. https://doi.org/https://doi.org/10.1111/emre.12171
Reis, I., Sousa, M. J., & Dionísio, A. (2021). Employer Branding as a Talent Management Tool: A Systematic Literature Revision. Sustainability, Vol. 13. https://doi.org/10.3390/su131910698
Rožman, M., Tominc, P., & Štrukelj, T. (2023). Competitiveness Through Development of Strategic Talent Management and Agile Management Ecosystems. Global Journal of Flexible Systems Management, 24(3), 373–393. https://doi.org/10.1007/s40171-023-00344-1
Samidi, S., Maarif, M. S., Saptono, I. T., & Arsyianti, L. D. (2023). Transforming talent management as a game changer for firm competitiveness of Islamic banks. Cogent Business & Management, 10(3), 2257590. https://doi.org/10.1080/23311975.2023.2257590
Shikweni, S., Schurink, W., & Van Wyk, R. (2019). Talent management in the South African construction industry. SA Journal of Human Resource Management, 17(1), 1–12. https://doi.org/10.4102/sajhrm.v17i0.1094
Sivakami, R. (2018). Role of employer branding in talent management in today’s digital era. J. Mod. Manag. Entrep, 8, 117–122.
Skuza, A., Woldu, H. G., & Alborz, S. (2022). Who is talent? Implications of talent definitions for talent management practice 1. Economics and Business Review, 8(4), 109–135. https://doi.org/10.18559/ebr.2022.4.7
Sopiah, S., Kurniawan, D. T., Nora, E., & Narmaditya, B. S. (2020). Does talent management affect employee performance?: The moderating role of work engagement. The Journal of Asian Finance, Economics and Business, 7(7), 335–341. https://doi.org/10.13106/jafeb.2020.vol7.no7.335
Sparrow, P. (2019). A historical analysis of critiques in the talent management debate. BRQ Business Research Quarterly, 22(3), 160–170. https://doi.org/https://doi.org/10.1016/j.brq.2019.05.001
Trigunait, R., & Taruna. (2020). Innovative practices of talent management in digital age: A systematic review. Journal of Engineering Sciences, 11(1), 7–15.
Tuli, F. A. (2023). Transforming Talent Management: The Journey to E-Human Resources Excellence. Asian Business Review, 13(2), 29–38. https://doi.org/10.18034/abr.v13i2.685
Published
2024-10-02
Section
Articles
Copyright (c) 2024 Muhamad Rizal Firdaus, Eko Sakapurnama
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
