Hiring and managing talent is key for every organisation, and talent management systems were developed in part to create more effective and smooth ways to hire and manage talent.
Talent management systems are integrated software platforms that address core HR processes, such as recruitment, learning and development, performance management, and management of compensation.
Although they have been around for a while, the need for them rapidly increased during the pandemic. It is an HR trend that has become a “must have” for the life-changing impacts they can have on an organisation.
Given the travel restrictions imposed on foreign workers, which are expected to continue well into 2022, organisations are being forced to make do with their internal talent.
Through talent management systems, employers are able to more effectively identify skills and potential within their existing ranks. The systems can also help assess which employers can be moved to different divisions. Moreover, the software can also help employers identify which employees can be promoted through the system's ability to monitor performance.
One company that has implemented new ways to attract, retain and develop talent in a big way is Malaysia-based airline, Air Asia.
To attract talent at the fresh graduate level, Air Asia utilises its normal recruitment channels but also provides a new, four-month internship program, targeted at those completing their undergraduate studies. It runs twice a year and three out of five interns are usually offered full-time contracts at the completion of their studies.
At the manager level, Air Asia runs a 12-18 month apprenticeship targeted at employees with at least two years of work experience. The apprenticeship runs once a year and acts to assess employees' adaptability and emotional intelligence.
To develop internal talent, Air Asia launched a leadership and international aviation safety development programme in affiliation with global universities last year This provides the opportunity for employees to attain a postgraduate degree and is done to develop competent heads of department. Air Asia understands that its employees are mostly aged between 25 and 35, hence it caters to those younger age groups first and foremost.
This feature was extracted from Chief of Staff Asia's report, HR trends for 2022: What can HR expect from the year ahead? For further coverage, and access to the full report, please see any of the below links:
HR trends for 2022: What can HR expect from the year ahead (full report) January 13, 2022
Four trends that HR can expect in 2022: Chief of Staff report (news highlight) January 14, 2022
HR trends for 2022: Hybrid working model set to stay (feature) January 16, 2022
HR trends for 2022: Staff benefits to get an overhaul (feature) January 17, 2022
HR trends for 2022: Data analytics are the new gold (feature) January 18, 2022
Keeping staff engaged at Shopee (case study) January 19, 2022
HR trends for 2022: Talent management systems for the win (feature), January 20, 2022