Glossary definition

What is the purpose of talent management?

The purpose of talent management is to identify, recruit and hold on to people who drive the success of your organisation.

It’s a top priority, strategic process for forward-looking People Companies who understand that their company performance depends on their workforce.

Performance and talent management is a key function of the modern HR department.

These People Companies go out of their way to nurture and develop the talent that powers their growth and effectiveness.

Talent doesn’t only mean individual high performers, it can also be people whose behaviour and characteristics are particularly influential in motivating and empowering their colleagues.

Collaboration and social skills can be as important as intellectual calibre or productivity.

People companies focus on creating a working environment that responds to and rewards talented employees, so they’ll remain committed and loyal.

They invest in nurturing talent and supporting employees to sustain strong company performance and underpin future business growth.