Talent management is a set of business practices that manage the planning, acquisition, development, retention and advancement of talent in order to achieve business goals and optimize performance. It includes recruiting, performance management, and developing and retaining people with desired skills through integrated systems. Organizations need talent development to compete effectively, develop future leaders, maximize employee performance as a competitive advantage, and empower employees by reducing turnover and training costs. Talent management has become a critical practice for organizations to succeed by managing people as a key resource.

1. Talent Management
Presented To : Presented By :
Prof. Priyanka Mam Arjun Jat

2.  A set of business
practices that manage
the planning,
acquisition,
development, retention
and advancement of
talent in order to achieve
business goals and
optimize performance.

3. Cont…….
According to McKinsey
Talent is the sum of
 a person’s abilities,
 his or her intrinsic gifts,
 skills, knowledge, experience ,
 intelligence,
 judgment, attitude, character, drive,
 his or her ability to learn and grow

4. Why Organizations Need Talent
Development ?
 To compete effectively in a complex and dynamic environment to achieve sustainable
growth
 To develop leaders for tomorrow from within an organization
 To maximize employee performance as a unique source of competitive advantage
 To empower employees:
 Cut down on high turnover rates
 Reduce the cost of constantly hiring new people to train
Talent management includes a series of integrated systems of
 recruiting,
 performance management,
 maximizing employee potential, managing their strengths and developing
 retaining people with desired skills and aptitude

5. Process

9. Conclusion:-
 Talent Management" has become one of the most
important buzzwords in Corporate HR and training
today. Organizations know that they must have the best
talent in order to succeed in the hypercompetitive and
increasingly complex global economy. They must
manage talent as a critical resource to achieve the best
possible results in the long run.

10. Thank you