The-definition.com

Definition

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

  • Hierarchy of needs
    Hierarchy of needs is a psychology theory ascribed to Abraham H. Maslow, in which he proposed ...
  • Cost-per-hire
    Cost-per-hire is the direct and indirect costs that are calculated to measure the costs ...
  • Management by Objective (MBO)
    Management by Objective (MBO) is a performance appraisal strategy in which subordinates ...
  • Stop loss insurance
    Stop loss insurance is a contract established between a self-insured employer and an insurance ...
  • Career path
    Career path is the progression of jobs in an organization’s specific occupational fields ...