What is Talent Management?

 

You may hear about talent; it can be identified as the skills of individuals. Different industries define talents differently according to their industrial purpose. Talents may come from born or they can be developed.

 So, what is talent management? Someone can say that talent management is a similar word to human resource management. But it gives broad meaning.

Human resource departments play a huge role in an organization. Talent management is one of the emerging concepts from them. The Main perforce of talent management is to create a motivative workforce in long run. It will help to gain a competitive advantage among other organizations.

According to the CIPD (Chartered Institute of Personnel and Development, UK) the talent management can be defined as

“Systematic attraction, identification, development, engagement, retention and deployment of those individuals who are of particular value to an organization, either in view of their ‘high potential’ for the future or because they are fulfilling business/operation-critical roles.”

Talent management is a combined human resource management process. Using many strategies to human resource practices, organizations can be gained high potential value to the workforce.

Talent management touches all key areas of human resource practices.  It will help to attract the employees and develop them in the organization and motivate the employees and retain the talented employees in the organization. The final objective of talent management is to increase the performance of the workforce of the organization. Then it will help to gain a sustainable competitive advantage in the business world.

References

Momtazian, M. (2021) What is talent management and why is it important. Exoert360 [online]. Available at https://expert360.com/articles/talent-management-important. Accessed on 11^th December 2021.

Vulpen, E. (no date) What is talent management? all you need to know to get started. Aihr Academy [online]. Available at https://www.aihr.com/blog/what-is-talent-management/. Accessed on 11^th December 2021.