Talent Management is a company’s strategic approach to identifying, developing and keeping its employees, so that they can better contribute to the company’s growth and efficiency. In Swedish we call it a key strategic resource and a strategic competence.
In a company with well-developed Talent Management the management team treats it as a key strategic mission. It has decided that its employees are so crucial to future growth that it has developed a working strategy and plan to best handle the issue.
A company with well-developed Talent Management understands that its talent is a key strategic resource.
Talent Management is about how companies develop the skills and competence of their people so that their best qualities are being put to the best use. It’s about how the company identifies, keeps and develops its employees so that they can better contribute to the company’s growth and efficiency. If you as an employer can achieve this you increase your chances of keeping your best people onboard for longer, delivering huge benefits to both your company and your individual employees.