The purpose of talent management is about more than just attracting and retaining talent. It also encompasses researching, developing, and implementing a series of human resource (HR) initiatives and how they fit together allowing for alignment of talent with the business initiatives.
The development of an Integrated Talent Management Program (ITMP) can be utilized by an organization as a strategic initiative to address critical business success factors. Alignment of an organization’s talent and business goals should be a priority to ensure a business succeeds.
What are the benefits of effective Talent Management?
Organizations with the ability to effectively manage their talent, provide several benefits to the employee and the client with whom the organization serves. Companies that effectively manage their talent have seen:
Increases in employee productivity
Support for effective workforce planning
Assist in developing talent pools within the organization
Richer career development and management programs
Employee engagement efforts
Employee alignment with organizational goals
At PassionHR, we strongly believe that an engaged and productive workforce begins with people. Attracting and hiring great employees is critical, but only the first step.
It is important to continue developing, engaging, and retaining people in a way that matches individual career interests alongside the needs and priorities of the organization.