Importance of Talent Management in HRM
What is Talent Management Talent Management is an advanced way of utilizing human resources in an organization to achieve organizational goals. This includes hiring, training & development and retaining the most suitable employees in the organization. Strategically, the talent management process runs through the entire life cycle of an employee (Brooks, 2019) . In organizations, it is very important for leaders and HR managers to establish effective talent management process as this directly affects organizational performance and to achieve competitive advantage in the markets. By following a strategically developed talent management system, organizations are able to attract employees who are most suitable for the organization based on the organization’s culture, nature of business, vision and required skills. Also, recruiting employees not only most suitable for the company but also who have good attitudes will secure the company’s ethics. Moreover, these employee skills...