The 1990s were a time when a number of baby boomers were on their way out the workforce. This led to a serious shortage of talent, and correspondingly intense competition to attract and retain talented people. In fact, this is when the famous expression – “war for talent” – came to be. And in the present day, a number of senior leaders believe that finding the right talent is their most significant managerial challenge.
What exactly is talent management?
According to Dave Ulrich, management consultant, professor of business at the Ross School of Business, University of Michigan and co-founder of The RBL Group, “Talent management is the systematic process of creating and sustaining individual competencies that will help the business delivery strategy.”
Talent management is not just about finding the right person for the job at hand, but evaluating such a person beyond the basic criteria of experience and skills. It looks at:
- The fit with possible future roles at the organization
- The match with the culture of the organization
Is certification useful for a talent management career?
Getting certified is an excellent career decision when looking to enter into or grow in a talent management career. A certification is:
- A testament to your possessing the most current skills in the field
- Proof of your seriousness about a career in talent management
Which credentials should a talent management professional choose?
To expand your professional impact and leadership influence in the industry, the best choice would be to opt for credentialing from the Talent Management Institute (TMI). TMI credentials are:
- The world’s first independent professional Talent Management certifications founded on the only Talent Management knowledge standards-framework currently in practice internationally
- A validation that your education, training, and knowledge make you a high-potential performer in Talent Management roles
TMI credentials are a must for HR professionals looking to grow their careers in talent management. Read on to know the reasons why talent management credentials from TMI are being sought by numerous HR aspirants and professionals across the world.
Boost to employment credibility
TMI credentials are an entry into the global league of experts in talent management. Combining an international talent management certification with an HR degree is proven to make graduates significantly more attractive to potential employers than candidates with only an HR degree. Also, it is easier to move to a new job or to grow faster in the current job.
Numerous job openings
Across the world, changes in business models have necessitated the upskilling of HR professionals with talent management capabilities. By 2020, the number of new job openings in talent management is estimated to touch one million. The dynamic industrial environment means that this could well be the best time to get TMI credentials.
HR professionals with talent management exposure and skills in their kitty are far more valuable to a business than those without such exposure and skills. Professionals with talent management credentials earn 20-25% higher salaries – on an average – than those who do not hold such credentials. Clearly, a TMI credential is a great way to boost the pay package.
More leadership opportunities
The TMI system of credentialing in talent management is rigorous and exacting, which makes TMI credential holders highly-qualified professionals in talent management. They are well equipped to take on challenging roles and responsibilities in managing human capital. According to a TMI study on HR Best Practices, over 40% of CHROs concurred that TMI and other credentials in talent management are great tools to build confident and talent-focused organizations.
For an HR professional, the ability to successfully tackle challenges in talent management and human capital maximization across industry verticals is much sought after. TMI credentials are an assurance to prospective employers that the candidate possesses these abilities and has strong potential in human capital management.
Recession-proof and business-model-agnostic
Credentials from TMI aim to prep HR professionals and their organizations ready for whatever the future may bring. This could include economic downswings, changes in business models, or any other surprises. A TMI credential in talent management thus keeps an HR career secure.
Qualification for TMI-Wharton programs
The TMI-Wharton association has given rise to two highly prestigious programs: the Associate Fellow Program in Talent Management and the Global Fellow Program in Talent Management. Candidates holding either the Senior Talent Management Professional (STMP) or the Global Talent Management Leader (GTML) credential from TMI, automatically pre-qualify for the TMI-Wharton programs, each of which takes in just 100 students a year.
For an aspiring talent management professional, credentials from TMI, whose standards, credentials and knowledge lead the revolution in how organizations leverage their human capital for enduring success, are thus the best choice!