Importance of Talent Management

                Talent
management is not just a simple Human Resources key terms that you come across.
Talent management is the organization’s commitment to hire, manage, develop and
retain the most talented and superior employees available in the job market. It
plays an important role in the business strategy for it manages one of the
important assets of the company, its people. Companies should make the effort
to effectively manage their employees and help them develop their skills and
capabilities for their future.

                Talent
management is a business strategy that organizations believe will help them to
retain their most skilled and talented employees. Here are some of the
processes that consists in the talent management system:

·        
Recruitment planning meeting

·        
Job description development

·        
Job post writing and recruiting location
placement for the posting

·        
Application materials review

·        
Phone and online screening interview

·        
In-house interviews that can involve multiple
meetings with many of your current employees

·        
Credential review and background checking

·        
Making the job offer to the selected person

·        
Agreeing on the amount of the offer

·        
Employee starting day and onboarding process

·        
New employee welcome information and
introductions

·        
On-the-job training

·        
Goals setting and feedback

·        
Coaching and relationship building by the
manager

·        
Formal feedback systems such as performance
management or an appraisal process

·        
Ongoing employee development

·        
Career planning and pathing

·        
Promotions, lateral moves, transfers

·        
Employment termination by choice of the employee
or cause by the employer