Talent management refers to the anticipation of required human capital for an organization and the planning to meet those needs, that is the basis for the person themselves. For the company talent management is about being able to recognize and identify a talent by acknowledging how to acquire it and integrate it into a company. This could be a talent that an individual has that is vital to a company’s needs, or continue to improve upon their success. Once the talent has been acquired another part of talent management is to develop that talent further, and maximize this ability to ensure the best possible outcomes for the individual and the organization. This can be sourced from more than one active talent and combine many different talents together from different people who specialize in different or similar areas.
Talent management seeks to attract, identify, develop, engage, retain and deploy individuals who are considered particularly valuable to an organization. For these reasons, HR professionals widely consider talent management to be among their key priorities.
The goal of talent management is to create a high-performance, sustainable Person or Organization that meets its strategic and operational goals and objectives. The staff of an organization is its most asset; managing, nurturing and keeping staff engaged and motivated is key to an organization’s ability to provide high-quality care. This requires the development of a talent management strategy mentioned in the first paragraph.
This is perfect for individual development on a person. The talent management is finalized by an evaluation. Which shows a final scale of strengths and weaknesses of the person or company. One of the best ways for this is a well-designed and well-run appraisal system, this is a big part of the talent management assessment to get the information for the final evaluation assess and nurture talent that can be beneficial to an organization.