The document discusses the business imperative of talent development for HR professionals. It notes that by 2018, there will be fewer younger generations to replace retiring baby boomers in the workforce. While some executives believe their talent programs are world-class, more see a need for significant or radical improvements. Competition for talent is also increasing. The document advocates developing a talent strategy aligned with business strategy, including effective talent scouting, relationship management, and developing employees. It stresses the importance of organizational branding and having employee experiences that represent the company brand.