The words talent and management appear often in various human resources processes—talent acquisition, performance management, learning management and so on—but talent management is all of the above. A talent management strategy takes your best candidates and turns them into your top talent.
What is Talent Management
Talent management looks different for every company because it is based on unique needs, employees and culture. Talent management consists of recruiting, hiring, onboarding, developing employees and succession planning—essentially all HR processes from hire to retire. One company might prioritize recruiting candidates from niche job boards to fill specialized, technical positions, while others might concentrate on learning management to keep workers up to date on the latest building techniques.
Talent management is also an essential tool for employee engagement. The more a company invests in its human capital, the more