What Is Talent Management In HR? [Importance & Best Practices] | SplashBI

Talent management is a business strategy that allows businesses to attract, develop, and retain their topmost skilled employees. The primary objective of talent management is to build a motivated workforce who will stay with your organization in the long run.

The process involves recognizing talent gaps, sourcing the right candidates, developing them within the system, improving skills, training, and finally retaining and motivating them to achieve organizational goals.

When done right, organizations can create a sustainable competitive edge and beat their competition through a unified system of talent management practices that are difficult to copy.

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