Adapted and condensed from the article by Susan M. Heathfield (2016), ‘What Is Talent Management – Really?’

For those of us who are not so acquainted with the term “talent management”, it is a phrase used in the area of human resources to refer to a company’s or “organization’s commitment to recruit, retain, and develop the most talented employees available in the job market”. In other words, talent management is a strategy some companies have started to implement in the hopes of retaining their most talented employees.

What apparently sets talent-management-oriented companies apart from the ones that use the term “human capital” is the emphasis placed on the manager’s role instead of on Human Resources when it comes to the life cycle of an employee working for an organization. Therefore, in a talent management system managers take on a greater responsibility and play a crucial role in the recruitment process as well as in the ongoing development of and retention of top performers.

Some of the processes involved in the talent management system include recruitment planning meeting, credential review and background checking, on-the-job training, coaching and relationship building by the manager, just to mention but a few.

Most of the processes above mentioned are now part of the main responsibilities of managers in some organizations.  Human Resources’ role, on the other hand, is to provide support and backup, yet in terms of supporting, developing and coaching an employee comes from his or her daily interaction with the manager.

Talent management is a relatively new concept in the working world, and a consensus is yet to be reached, but certainly, it is a strategy worth trying out to contribute to the growth and well-being of any organization or company.

References

Heathfield, S. (2016). ‘What Is Talent Management – Really?’ The Balance. Web