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Talent Management

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Talent Management is an ongoing process which seeks to identify, manage and develop an Organisation’s people in order to meet its current and future organisational needs.  The guiding principle behind this activity is the belief that there is potential in each and every Employee and that any approach adopted should seek to maximise it. In addition, there are certain key competences an Organisation requires in order to remain successful and competitive. As part of a talent management approach the aim is to identify, retain and nurture this.

Many definitions of talent management exist which encompass the key themes outlined above. The CIPD have defined ‘Talent’ and ‘Talent Management’ as follows: 

  • 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. 

The description of ‘Talent’ and ‘Talent Management’ as outlined above underlines the benefits of having a considered and planned approach in place in order to attract, develop and retain people with the right aptitude and abilities to meet current and future organisational needs.