Talent management seeks to attract, identify, develop, engage, retain and deploy individuals who are considered particularly valuable to an organisation. By managing talent strategically, organisations can build a high performance workplace, encourage a learning organisation, add value to their branding agenda, and contribute to diversity management. For these reasons, HR professionals widely consider talent management to be among their key priorities.
This factsheet looks at the changing context of 'talent' and 'talent management' and the strong business case for addressing it. It outlines the features of a talent management strategy, including corporate strategy alignment, inclusive versus exclusive approaches, involving the right people, and the talent management loop. The factsheet also touches on implementing an effective strategy and the talent strategies needed to meet future challenges and opportunities.