What is talent management?

  • Talent management includes identification, development engagement, systematic attraction, development and retention of those people who are of a certain value in a company.
  • This can be because of fulfilling critical roles or through their higher potential.
  • Talent management schemes can involve lots of different activities like formal and informal mentoring and or leadership training, networking events and opportunities to meet individuals that are at board-level or directors.
  • Talent management can be focusing on development with internal skills.

Benefits of talent management:

  • Building a meaningful work ethic and allowing opportunities for employees/ workers to grow.
  • Creating a high-performance working environment.
  • Adding value to the ‘employee value proposition’.
  • Increasing productivity in the workforce.
  • Contributing to diversity and inclusion.
  • Encouraging further learning and development.
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