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Magnetic Organization

Attracting and Retaining the Best Talent

by Dipak Kumar Bhattacharyya (Author)
©2024 Monographs XXIV, 216 Pages

Summary

This book is crafted based on author’s long experience as HR professional and teacher, and researcher, offering insights into tools and techniques of talent acquisition and retention through in-house capabilities. It provides practical solutions that managers can use to address their employees’ real concerns and keep them actively engaged. The entire book composed of five chapters demystifies the process of developing an organization into a «magnetic employer» using efficient talent management practices, encompassing the whole gamut of talent attraction, development, and retention.
While the book owes heavily on theoretical literatures across the globe, its conceptualization leans toward developing economies. Unlike other professional books, this book espouses more applications than theories, and suggests step-by-step action plans to talent management for effective acquisition and retention of talent. The key strength of the book lies in its comprehensiveness in terms of orientation, style, coherence, coverage, and depth.

Table Of Contents


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Words of Praise for the 1st Edition

The Magnetic Organization: Attracting and Retaining the Best Talent written by Professor Dipak Kumar Bhattacharyya, a well-acclaimed name in the field of human resource management, is for the HR practitioner who is seeking a “go-to,” “how-to” book on attracting and retaining winners. Based on sound theoretical principles, with industry examples and step-by-step action plans, it will be an invaluable aid to any manager who wants to emerge as a winner in today’s “war for talent.”

Snigdha Pattnaik, Dean, Xavier School of HRM,

Xavier University, Bhubaneswar

Professor Dipak Kumar Bhattacharyya is a well-known scholar in talent management practices in organizations and a gifted writer whose enormous experience in both the academic and corporate world blends together both theory and practice in distilling the core essence of TM’s value proposition and suggesting the tools and techniques for acquiring and retaining talent. One of the book’s key strengths lies in its comprehensiveness in terms of its orientation, style, coherence, coverage, and depth, replete with tips, illustrative examples, and cases—one that makes effortless and stimulating reading. I am sure this book will help both HR practitioners and students with a compelling value proposition to wide readership both in India and abroad in winning the “war for talent.”

Professor K. Trivikram,

Institute of Public Enterprise, Hyderabad

The title of the book The Magnetic Organization: Attracting and Retaining the Best Talent obviously grabbed my attention, as its theme is of contemporary relevance. Dr. Bhattacharyya, a professor at Xavier University, Bhubaneswar, is a renowned scholar and passionate teacher. This book encompasses a unique blend of theory and virtual applications to study organizational dynamics, embedded with strategic plans to accomplish talent management for effective acquisition and retention of talent in organizations. I strongly believe this book will serve as a guide to the manifold challenges of an organization toward achieving the status of “The Magnetic Employer.” I wish the book all success.

Fr. Antony Uvari, S.J., Registrar,

Xavier University, Bhubaneswar

The most successful companies now practice talent management to maintain their competitive advantage. Professor Dipak Kumar Bhattacharyya’s new book has captured strategies and proven practices to build a world-class workforce.

Howard Risher, Pay and Performance Consultant and

Editor, Compensation & Benefits Review

I greatly value this book from two standpoints: First attracting and retaining the best talent is one of the biggest challenges for organizations. Professor Bhattacharyya has vividly emphasized the value of talent, developing talent, and retaining the talent. He has also gone into many well-known theories and concepts related to talent development. In the process, he also suggested various strategies to develop and retain talent. Second, the book will be very useful to human resource professionals, researchers, and organizations in their recruitment and further in developing and retaining talent.

Dr. Raj Agrawal, Director, Centre for Management

Education, All India Management Association

With the fierce competitions and economics difficulties, it becomes more and more important for organizations to build knowledge assets as quickly and flexibly as possible. One solution before organizations is becoming “talent magnets.” This book tackles the gap between established theories and practices on talent management and provides step-by-step action plans to talent acquisition and retaining through in-house capabilities. The author in his book The Magnetic Organization: Attracting and Retaining the Best Talent simplifies and synthesizes issues, including controversial ones, and provides new insights on talent management. The author’s approach makes the book suitable for talent management courses as well as a self-guide for organizations’ managers.

Latif Al-Hakim, Associate Professor,

University of Southern Queensland, Australia

Ever since the phrase “War for Talent” became a part of the HR manager’s dictionary, there have been numerous seminars and discussions on the topic. However, I think for the first time, Professor Dipak Bhattacharyya has succeeded in providing a comprehensive road map to win the war! His concept of an employer as a talent magnet captures very succinctly today’s needs of organizations vis-à-vis talent management. This book will be helpful to all those with a serious interest in talent management

Arunav Banerjee, Program Chair and Professor,

Human Resources Leadership Program,

School of Inspired Leadership, Gurgaon

To my wife and children

Preface to the First Edition

The biggest challenge enterprises face today is attracting and retaining talent. A company becomes a magnetic organization when:

  • it attracts the best of talent;
  • applicants are eager to work for the company;
  • people envy its employees;
  • it receives unsolicited resumes; and
  • talented workers stay with the company throughout their careers.

Even if most companies succeed in attracting the best talent, most of them falter on the critical part which is retention. When a talented employee leaves the organization, the entire cycle of recruitment, training, and development is repeated. Not only this, but also when an individual resigns from his present organization, it is more likely that he would join the competitors. In such cases, employees tend to take all the strategies and policies from the current organization to the new one.

Attracting and retaining the best talent by becoming a magnetic employer requires us to believe that with a talent-driven approach we can sustain and grow. Then, of course, we need to redefine and redesign our people management practices with a changed perspective. Certain terms need to be replaced and certain need to be added, to reflect that we believe in talent, we value talent, we develop talent, we retain talent, and finally we attract talent. We are a magnetic employer.

Details

Pages
XXIV, 216
Publication Year
2024
ISBN (PDF)
9781803746388
ISBN (ePUB)
9781803746395
ISBN (Softcover)
9781803746371
DOI
10.3726/b22134
Language
English
Publication date
2024 (October)
Keywords
Talent Management Talent Acquisition Talent Attraction Talent Retention Magnetic Organization
Published
Oxford, Berlin, Bruxelles, Chennai, Lausanne, New York, 2024. XXIV, 216 pp., 2 fig. b/w.
Product Safety
Peter Lang Group AG

Biographical notes

Dipak Kumar Bhattacharyya (Author)

Dipak Kumar Bhattacharyya is a retired professor of XIMB, Bhubaneshwar. A Ph.D. in Management from University of Calcutta, he has 15 years of industry experience and more than 30 years of teaching and research experience. He has published 33 Books on HR management from renowned publishers of national and international repute.

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