While the terms Talent Management and HR may sound similar with similar sounding roles and responsibilities, there is a difference between the two – even if it is a subtle one at that.
So what is the difference between the two let’s find out here.
HR Talent Management and Talent Management Framework
HR Talent management is essentially when the human resource department is involved in managing all the human capital of an organization right from recruiting, to their settling down in an organization. On the other hand, talent management is an important aspect of Human Resource.
In fact, talent management is the process through which employers anticipate and meet their needs for human capital.
While Human resource management had been here since ages and is involved only in recruiting and managing the workforce of an organization, talent management is fairly a new concept of taking a holistic approach to all the human capital management process.
And based on this approach, industry insiders have created a talent management framework, which goes like this-
2.Capability and competency management
3.Talent acquisition that comprises of
- Leadership Development
- Succession Management
- Career Management
- Performance Management
4.Learning and capability development
With this talent management framework, professionals are coming up with feasible talent management solutions ensuring that companies are implementing them for better success rates.
Talent Management Degree And Certifications
Along with your regular degree in human resource and related fields, it is always better to keep upgrading and updating your skills so that you are always well-versed with the latest practices, tools and modules on which talent management works.
While there are numerous institutes offering both degree courses and certifications in Talent Management some of the noteworthy includes – TMI or Talent Management Institute, HRCI or HR Certification Institute, and SHRM or Society of Human Resource Management.
Let’s have a look at all these certifications offered by HRCI, TMI and SHRM
1.HRCI or HR Certification Institute: HRCI has been one of the oldest institutes offering HR certifications to the professional world over. Highly valued by employers, HRCI offers certifications for both entrants and senior level. Depending on your qualification and expertise choose from aPHR or Associate Professional in Human Resource, aPHRi or Associate Professional in Human Resource – International, PHR or Senior Professional in Human Resource, SPHRi or Senior Professional in Human Resource, PHR or Professional in Human Resource, PHR-Ca or Professional in Human Resource –California, PHRi or Professional in Human Resource –International.
2.TMI or Talent Management Institute: TMI boasts of state-of-the-art standards, credentials, knowledge, initiatives and networks that lead the much-needed revolution in organizations that are leveraging their human capital for long-lasting success. The Talent Management institute with its unique certifications, aims to take a step further than merely fueling the 21st century human resource through talent management. So if you are planning a career in HR Talent Management then along with the regular degree/ diploma course you need to go for certifications as well. You can choose from TMP or Talent Management Practitioner, STMP or Senior Talent Management Practitioner and GTML that is Global Talent Management Leader.
3.SHRM or Society For Human Resource Management: Initially a branch of HRCI, SHRM has evolved as one separate entity offering two major certifications for professionals seeking a career in HR. SHRM-CP or SHRM- Certified Professional, or SHRM-SCP or SHRM-Senior Certified Professional are two certifications offered by SHRM.
Each of the certifications have certain prerequisites that you need to fulfill before you can apply for the course. So do check for them and choose before applying.