Talent management is a term widely used to describe the processes used by employers to attract, identify, develop, engage and retain individuals of particular value to their organisation.
There are a number of steps involved in setting up a talent management programme, including the analysis of the organisation's understanding of "talent", and an audit of current practice around talent management.
A successful talent management programme can lead to an increased ability to attract star performers, a reduction in recruitment costs, and a more focused approach to the allocation of the training budget.
