In the corporate world, Talent Management refers to how employers develop a productive workforce that is likely to stay with the organization over the long-term.
Effective talent management optimizes the overall performance of the company and ensures that it remains viable and competitive.
For most companies, talent management strategies include the recruiting and hiring of skilled employees as well as the implementation of ongoing learning and development programs. Companies that invest in their employees through talent management programs tend to display higher levels of innovation and overall enhanced performance. When executed well, talent management can bring a greater ROI than almost any other initiative.