Talent Identification in Recruiting and Personnel Selection. Past Present and Future

Scientific Essay from the year 2018 in the subject Psychology - Work Business Organisation grade: A University College London language: English abstract: Finding and retaining the right employees is a critical element for the success of each Multinational Enterprise (MNE). Over the last few years the interest in the field of talent management has grown rapidly as more and more academics consultants and practitioners are starting to understand its impact on organisational sustainability and organisational prosperity. Talent management can be broadly defined as all organizational activities for the purpose of attracting selecting developing and retaining the best employees in the most strategic roles (those roles necessary to achieve organizational strategic priorities) on a global scale (Scullion Collings & Caligiuri 2010). At the center of talent management lies the presumption that talent must be identified sustained and allocated to important positions that are essential for the competitive advantage of the company. One of the major challenges for MNEs is to adequately identify high-potential and high-performing employees and to establish them in key positions within the MNE's international structure. Taking this into consideration in the following work we will focus primarily on the area of talent identification starting with a differentiation between talent identification and talent development. Next we will move on to an in-depth review of the existing literature on talent identification in recruiting and personnel selection. Consequently we will briefly review the validity of the most implemented personnel selection tools. After that we will assess the three tools currently used in your organisation. Finally we will explore the future of talent identification and recruiting tools by taking into consideration the technological advancements in the last decade and provide you with research-based recommendations and best-practices to i