· Talent management creates and retains a workforce of great employees to achieve

organizational goals because it is related to attracting, hiring, retaining, and developing

people.
· Understanding what talent management is and exactly how it differs from HR is the
key to shaping the fabric and technology of your organization for success in the years
to come.
· Includes practices such as Recruitment Induction Performance Management
Compensation Planning Succession Planning Learning and Development Workforce
Planning
· Talent management is not an alternative to human resources.
· Human resource management includes managing employee data, payroll and
benefits, administration, compliance, security, and complaint tracking.
· The provision of HR services includes the maintenance of channels, the company
intranet and the continuous management of cases, documents or knowledge bases.
· Talent Management includes processes related to attracting, hiring, retaining or
developing people to grow and maintain a competitive workforce.
· Labor Management includes budget, forecasting, scheduling and any task related to
time and attendance for the optimization of resources and productivity.
· The evolution of talent management doesn't mean those task-oriented back-office
needs are going to go away.
· Companies are realizing that their success depends on their people, and that has led
HR to take a more prominent front-line strategic role, focused on talent management.
· You need to adjust the structure of an organization to flatten things out and reduce
the distance between its stakeholders.
· Talent management focuses on long-term strategy
· To see if you're on the right track, you need to invest in the change, try different
things, and measure the results.
· Consider a technology upgrade that can automate tasks, track data, and provide
direct support for your talent management strategy.