The quality of being able to do something to accomplish something

The quality of being able to do something to accomplish something

According to Carolyne Barry Creative Ent, talent is a marked innate abilities, it is the quality of being able to do something for especially the physical, mental, financial, or legal power to accomplish something. Talent management is important for an organisation as talented employees are the cornerstone of a competitive advantage. Talent management is the process of developing, integrating and retaining for both new and current workers. Talent management also attracts those who are highly skilled to work for a company.

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Talent management is a formal system in an organisation to ensure effective and efficient use of human talent to accomplish organisation goals. Therefore, companies have put into practice talent management to solve employee’s problems. An organisation must work in business strategy to implement in daily processes through a talent management. This is a factor as more companies’ achieve success in the business through realizing their employees’ talents and skills.

Talent management helps the company to focus on developing their talent integrate plans and processes to track and manage their employees’ talent. It is the responsibility of the managers to develop the skill of their immediate subordinates. Talent management includes sourcing, attracting, recruiting of qualified candidates with competitive backgrounds, managing and defining competitive salaries, training and development opportunities, performance management processes, retention programs, promotion, transitioning and others.

Talent management is based on the planning that concern the competitive organisational strategy of the firm derived with input from talent management, which is the process of analysing and identifying the need for and availability of talent management so that the organisation can meet its objectives.

According to a journal, talent management process guide shows the three major stages to the talent management process, each stage has a number of activities that result in tangible outputs. All the stages involved are senior management, line managers and employees to ensure an open, transparent and honest process, this process relies on data provided by employees career development plans and once implemented, is an annual process that becomes a natural part of doing business.

Below is the diagram showing the process of talent management that includes preparation, manage and identify. (Innovation and Growth)

Talent Management