Talent Management Strategy: Talent Company X
The purpose of any successful talent agency is to find employment for actors, authors, film directors, musicians, models, producers, professional athletes, and the like. As such, it is essential for every successful talent agency to employ a staff that is both proficient enough and large enough to handle a steady influx of clients in many different areas of the entertainment business. At hand is the fictional talent company, Talent Company X, which employs a workforce of 200 individuals, with 20 of these individuals identified as leaders who are capable of heading divisions of the company and/or projects and initiatives. In understanding the size of the company at hand as well as the many different areas of talent with which these individuals will deal, it is essential that Talent Company X derives a management strategy that is able to encompass the entire talent requirements of the organization.
Research has found that over the past generation, talent management practices, especially in the United States, have been by and large dysfunctional (Cappelli, 98). As such, it is essential that the goal of Talent Company X is to streamline the admission process as well as the maintenance of clients one processed into the company. Despite all that is known about the importance of developing talent, and despite the great sums of money dedicated to supporting the management of talent in such companies, a significant oversight occurs in the overall management of individual clients (Conger and Ready, 1). As such, it is essential that once a client is accepted into the agency, having been passed by one of the 20 recognized leaders within the company, he or she remains under the watchful eye of this respective leader, despite the interactions he or she will have with the remaining members of the company. In instilling this oversight by upper-level management, one can better control the standards of excellence set in place within the company.
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