Some Insights into Procedures and Practices to Acquire the Right Talent

Abstract

HRM views talent as Human Resource Capital .The focus of talent management is to attract best talent and convert them into effective work force. The future is Talent Analytics; Human Resource Analytics is the application of sophisticated data mining, and business analytics (BA) techniques to human resources (HR) data. The descriptive study based on observation and interviews was conducted in Dr.Reddy’s an emerging Indian Pharma major in global space. The recruitment philosophy of Dr.Reddy’s is embedded in the talent acquisition process and is oriented to acquire the talent with highest commitment to fulfill the organization’s core purpose. The boomerang policy, integrated HRIS system etc., enable talent analytics in the Organization. The talent acquisition system is based on Role-Designation matrix.

Keywords: HR Measurement issues, Human capital, International HRM, Performance management