Talent Management in the 21 Century
Today's businesses face increased global competition,shifting markets,and unforeseen events. No wonder they are finding it more difficult than ever to attract, develop, and retain the skilled workers they need.
Human resources (HR) departments can set the stage for success by hiring and training capable employees. But developing those personnel into dynamic, motivated, long-term participants in the company's processes must be the responsibility of all management—from CEO to floor supervisor.
Talent management, which incorporates the cooperation and communication of managers at all levels, has become an imperative in the face of today's business challenges. In addition, talentmanagement processes must be more strategic, connected, and broad-based than ever before.
Talent-management processes include workforce planning,talent gap analysis, recruiting,staffing, education and development,retention, talent reviews,succession planning, and evaluation.To drive performance, deal with an increasingly rapid pace of change, and create sustainable success, a company must integrate and align these processes with its business strategies. By assessing available talent and placing the right people in their best roles,organizations can survive and thrive in today's increasingly competitive markets.
Effective talent management becomes even more important with the forthcoming talent shortage as many experienced leaders approach retirement. Globally, fewer and fewer managers
