Talent management is the automated end-to –end process of planning, recruiting, developing, managing, and compensating employees throughout the organization.
Because talent management involves recruiting, hiring, and developing high potential employees, it requires coordinating several human resource activities, in particular workforce acquisition, assessment, development, and retention. In simplest terms, talent management simply “refers to process of attracting, selecting, training, developing, and promoting employees through an organization. But again, the main thing driving the talent management movement is the availability of new talent management information systems; these integrate talent management-related system components like succession planning, recruitment, learning, and employee pay, enabling seamless updating of data among them.
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