What is talent management?
Talent management is not just about leadership development. It is the approach by which we source, develop, manage, engage, and deploy those individuals who demonstrate the potential to progress faster and further than their peer group, and have the greatest impact on the achievement of our organisations’ various and common business goals now and in the future.
Talent consists of those individuals who can make a difference to organisational performance either through their immediate contribution or, in the longer-term, by demonstrating the highest levels of potential.
Talent management is the systematic attraction, identification, development, engagement, retention and deployment of those individuals who are of particular value to an organisation, either in view of their ‘high potential’ for the future or because they are fulfilling business/operation-critical roles.
Why is talent management important?
‘Strong and effective talent management is integral to any high performing organisation. Identifying, growing and developing our people to be the leaders of tomorrow is an important responsibility for any manager.’ Sir Bob Kerslake, Head of the Civil Service
Every employee wants to feel supported in developing their career in whichever direction they choose and to have an honest conversation about their prospects. Talent management builds on that by identifying those who demonstrate the most potential and developing them to meet their individual aspirations, the needs of the team, the needs of the organisation and the system.