Technological Impact on Talent Management

Abstract

Most of the changes throughout the years in the field of human resources in organizations has drastically had a huge influence on modern work life. There are trends and issues where HR can take an advantage and create innovative outcomes. Any Global, multinational, medium, small corporations that has HR or uses external HR services, have experienced and seen issues and developments in every phase of employee development. Talented employees are seen as essential to an organization's success, distinction, and long-term growth in today's extremely competitive and dynamic industries. Organisations are under pressure to manage their people since there is a rising skills gap and a shortage of qualified individuals to fill available roles. The best approach so far to retaining talented employees is to use talent management strategies that are appropriate. Current assessments of the requirements of the organisation and the employees should serve as the foundation for processes in HRM. Retained skilful employees are influenced by several HRM practises that are both effective and practical. Future of HR and HR practices are in the hands of technology and innovation. The trend behind these challenges and changes we face in the working environment are what determines the future of organizations. The awareness of how technology and AI has been involved in our everyday lives, it is widely affecting all kinds of businesses. In each industry, whether there is a hierarchical structure or not. Leaders and managements are being tested through every sort of challenge regarding how to maintain a flexible workforce and retaining employees throughout the wave of trend of AI taking over. Aiming to seek and explore answer to research question: How can the challenges of talent management be improved with high-tech innovations in different industries?