What is Talent Management?
Talent Management is a coordinated set of activities to acquire, develop, and retain outstanding people who will power the organization toward a target. In other words, it is both a science and art of ensuring that the right people equipped with enough skills are placed in positions at appropriate times. This holistic approach encompasses the entire employee life cycle, beginning with recruitment and onboarding to ongoing training, performance management as well as strategic succession planning. Nowadays, in the competitive business world where innovation is crucial, talent has emerged as a pillar for successful organizations. Talent management is not just a discipline in human resources rather it encompasses the whole system of an organization.
Geeky Takeaways:
- Talent management is an organized strategic process of getting the right talent onboard.
- The process involves identifying talent gaps, onboarding suitable candidates, and motivating them to achieve long-term business goals.
- In simple words, it is a process of getting the right people on board and enabling them to achieve the long-term goals of the business.
- It entails recruiting high-caliber talent, developing their abilities, and creating a climate that supports productivity.
Table of Content
- Objectives of Talent Management
- Importance of Talent Management Process
- Benefits of Talent Management
- Talent Management Process
- Talent Management Model
- Talent Management Strategy
- Difference Between Talent Management and Human Resource Management
- How can Organizations Help Talent Learn and Grow?
- Talent Management Planning and Best Practices
- Frequently Asked Questions (FAQs)