Talent management is a business process for identifying, developing, and retaining employees with high potential. Talent management includes activities such as succession planning, performance management, and recruiting.

Organizations invest in talent management to improve organizational performance and to develop a pipeline of leaders. By identifying and developing employees with high potential, organizations hope to keep these employees engaged and reduce turnover.

There are different approaches to talent management. Some organizations focus on identifying and developing employees with high potential, regardless of their current position or level in the organization. Other organizations focus on succession planning, which is the process of identifying and developing employees who are likely to be promoted to leadership positions in the future.

The most effective talent management programs are those that take a holistic approach, which includes activities such as succession planning, performance management, and recruiting.

Succession planning is the process of identifying and developing employees who are likely to be promoted to leadership positions in the future. Succession planning helps to ensure that an organization has a pipeline of leaders at all levels.

Performance management is the process of setting goals and measuring progress. Performance management includes activities such as setting objectives, providing feedback, and assessing results.

Recruiting is the process of attracting, screening, and selecting employees. Recruiting includes activities such as job postings, candidate screening, and interviews.

Talent management programs should be tailored to the needs of the organization. The most effective programs are those that are aligned with the organization’s strategy.

Talent management is a broad term that encompasses many different activities. The most effective talent management programs are those that take a holistic approach and are aligned with the organization’s strategy.