Under the umbrella of talent management, there are a string of elements and sub-processes that need to work in unison to ensure the success of the organization. It is thus the process of getting the right people onboard and enabling them to enable the business at large. The definition brings to light the overarching nature of talent management – how it permeates all aspects pertaining to the human resources at work while ensuring that the organization attains its objectives. The process thus involves identifying talent gaps and vacant positions, sourcing for and onboarding the suitable candidates, growing them within the system and developing needed skills, training for expertise with a future-focus and effectively engaging, retaining and motivating them to achieve long-term business goals. Talent management is defined as the methodically organized, strategic process of getting the right talent onboard and helping them grow to their optimal capabilities keeping organizational objectives in mind. Top 5 Talent Management Strategies for 2019.Global trends in talent and human capital management have led to a renaissance of the work-worker-workplace equation. Strategic talent management is a necessity in today’s hyper-change environment.
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Talent management practices have evolved over the years to cater to people-specific trends much like all other aspects of work, and have changed in fast strides over the last few years.