What is Talent Management?
Talent management is a strategic skill of associating, developing, retaining, and motivating employees in order to achieve maximum organizational success. It includes recruitment, training, performance management, career development, and succession planning.
Proper talent management will make sure that the right individuals are in the right positions and will also achieve optimal employee involvement and development. Those companies that value talent management have a competitive advantage through the creation of talented, loyal labor forces.
Talent management in the modern world is based on data-driven decisions, feedback, and technology that help build individual career trajectories and enhance retention.
Examples of Talent Management
1) Strong talent management practices helped the company retain top performers.
2) The HR department implemented a new talent management system to track employee growth.
3) Effective talent management supports long-term organizational success.
Synonyms
- Human Capital strategy
- Workforce Development
- Employee Management
- Staff Development
- People Management
