Optimizing Return On Investment Via Talent Management: A Case Study At Carl Zeiss Singapore
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Date
2014
Authors
Rengasamy, Tharani
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Sains Malaysia
Abstract
Due to the dynamic business environment, organization needs to ensure that it has effective corporate strategy in place for business sustainability. As human capital is one of the key components for business sustainability, talent management becomes crucial especially in countries such as Singapore, where it depends very much on foreign talent. In addition, the talent management costs in Singapore could be higher than the neighboring countries. If talent management strategy is not effective, the overall Return on Investment of the organization would not be optimized. The purpose of this case study is to examine how Carl Zeiss can optimize its Return on Investment through its talent management strategy. This study has examined talent management from three main aspects comprising of (i) Hiring, (ii) Retention and (iii) Termination. At the end of the study, recommendation on the strength and weakness of the current talent management strategy in the company were provided. In addition to that, recommendation on enhancing further the strength while eliminating the weakness was also provided.
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Keywords
Optimizing return on investment , via talent management