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

Golden Handshake

What is Golden Handshake ?    ‘Golden Handshake’ refers to the additional clause of benefits provided by the company to an employee who would lose

Contingency Recruiting

What is Contingency Recruiting?   ‘Contingency Recruiting’ refers to the practice of hiring a recruiting agency and paying them only if the candidate they provide

Benchmark Job

What is Benchmark Job?   A ‘Benchmark Job’ is the kind of job for which the salary, as well as other benefits, remain consistent throughout

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