What is Talent Management? Definition, Process, and Strategy [2023]

Why does talent management matter?

With a solid talent management strategy you can give your organization the boost it needs to have a competitive advantage.

Welcome to Learning Bites! This is the video series for HR professionals who want to expand or refresh their Human Resources knowledge one bite at a time. In this episode, you'll learn what talent management is and how to apply it in your organization.

The ability to hire top talent will improve the performance of the organization, and the right talent management strategy can build an engaged, competitive, and high-performing workforce.

In this episode you will find out:
- Who is considered talent, and who isn’t
- The benefits of a talent management strategy
- The talent management process

Watch the full video to learn what a talent management strategy is and how to build one in five simple steps.

TIMESTAMPS
00:00 - Intro
00:00 - What is Talent Management
00:00 - Benefits of Talent Management
00:00 - The five Stages of a Talent Management Strategy
00:00 - Conclusion
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[williamvansyfer]

I'm writing an essay on this so thank you for making this topic so digestible and easy

[alternatethinking]

Love this video. THANKS!!!

Thought for the community: Talent Dev organizations need jolts of culturally diverse teams (not just a few African Americans in DEI roles). Most People and Talent Dev teams are primarily Caucasians. WHY? What can we do?

[rindiantika]

I love her accent so much! This video also contains so much useful information, thank you!

[kpopmumuk]

I love this, really good summary of what talent management is and has helped me get in the zone to design the management training I have been pulling together thank you :-)

[viovenica]

great delivery for the insights, thank you!

[asimrahim]

Very well explained!
You made it very simple to understand

[raghavks]

Dear pls highlight about future of HR jobs after artificial intelligence/ Ai chatGPT tech emerge

[NottaVideoSummary]

00:02 Talent management is the process of attracting, developing, motivating, and retaining top talent.

01:16 Implementing talent management practices improves organization performance and employee satisfaction.

02:29 Talent management process has five stages: planning, attracting, developing, retaining, and transitioning.

03:39 Attracting and developing talent for the vehicle market requires expanding the workforce and hiring individuals with expertise in electrical engineering and battery technology.

04:46 Smooth onboarding and ongoing development are crucial for retaining talent.

05:51 Implementing policies to enable employees to perform at their best while enhancing employee experience.

06:58 Talent management helps retain top talent and manage transitions

08:09 Talent management practices are interconnected and build on top of each other

----From Notta's video summarizer

[jj]

Is this the same as learning and development?