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Talent Management
Talent management is the process of attracting, selecting, and keeping high-quality employees within an organization. It involves various HR processes such as recruitment, onboarding, succession, workforce planning, employee engagement, performance management, and learning and development. Talent management is a business strategy that helps build a more efficient workforce, improves productivity, and enhances employee experiences.
What Small and Midsize Businesses Need to Know About Talent Management
SMBs can use talent management to attract higher quality employees and retain those employees in their organization for longer. By investing in talent management techniques such as training, onboarding, and career development, employees might be less likely to quit their jobs and leave the business.
Related terms
- Absence Management
- Furlough
- Onboarding
- Attrition
- Right to Work
- Employee Self-Service (ESS)
- Background Check
- Equity Theory
- Performance Management
- Diversity and Inclusion (D&I)
- Gamification
- Center of Excellence (COE)
- Succession Planning and Management
- Workforce Analytics
- Performance Improvement Plan (PIP)
- Employee Resource Group (ERG)
- Chief Human Resources Officer (CHRO)
- 9-Box Model
- Enterprise Applications
- People Analytics
