Definition Of

Talent Management

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.

Share it:  Cite

More from this Section

  • Employee Retirement Income Security Act (ERISA) of 1974
    Employee Retirement Income Security Act (ERISA) of 1974 means ERISA sets requirements for the provision and administration of employee benefit plans. Employee
  • Employee Retirement Income Security Act (ERISA)
    The law that provides government protection of pensions for all employees with company pension plans. It also regulates vesting rights...
  • Wage Curve
    The wage curve shows the relationship between (1) the value of the job as determined by one of the job evaluation methods and...
  • Snowbird program
    Snowbird program is a term used to describe a form of alternative work arrangement whereby employees (typically retired individuals) move to warmer climents
  • Executive
    Executive is a term used to define the highest-ranking individual or group of individuals reporting to a board of directors who have managerial or administrative
  • Incidence rate
    Incidence rate is the indicates the number of workplace injuries/illnesses and the number of lost work days per 100 employees.
  • Lockout tagout rule
    Lockout/tagout rule is an OSHA standard helping safeguard employees from hazardous energy while they are performing service or maintenance on machines and equipment.