Talent Management

What is Talent Management?

 

‘Talent Management’ refers to the plans and strategies that a company uses to make sure that its human capital is working as required and make necessary changes if required.

 

It is an ongoing process and having an effective talent management strategy ensures that the right people are employed in the positions best suited for their skills, which ultimately helps the company fulfil its own goals and thrive.

 

Talent management is usually delegated to the HR department; however, the managers and supervisors also play a major role in understanding the requirements of specific job positions and making sure that the employees are satisfied with their positions.

More HR Terms

Allowance

What is Allowance in salary?   An allowance is an additional financial benefit provided by employers to employees, which is added to the basic salary

Summary Plan Description

What is Summary Plan Description?   ‘Summary Plan Description’ refers to the documented tenets of the predefined benefits plan that the employee is provided with,

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