Talent Management
An integrated approach to attracting, developing, engaging, and retaining employees.
Also: HCM · human capital management
Definition
Talent management is an integrated, strategic HR discipline that encompasses all aspects of the employee lifecycle—from attraction and recruitment through onboarding, development, performance management, engagement, succession planning, and retention—with the goal of building organizational capability and competitive advantage. It requires aligning HR practices to business strategy and treating talent as a critical organizational asset that requires proactive management.
Example
“The conglomerate's talent management framework integrated annual performance ratings, succession planning, and HiPo identification into a single talent review process, ensuring consistent investment in critical talent across all business units.”
Synonyms
- people management
- human capital management
- workforce management
- talent strategy