Talent Management

From Wikipedia, the free encyclopedia

This page has been transwikied to Wiktionary. The article has content that may be useful and possibly more appropriate at Wikipedia's sister project, Wiktionary. Therefore the article can be found at either Wiktionary:Transwiki:Talent Management or Wiktionary:Talent Management. It should no longer appear in CAT:MtW and should not be re-added there. The final disposition of this article on Wikipedia has not yet been determined. It may be redirected, nominated for deletion, or expanded if possible.

Talent Management is a term that gained popularity in the late 1990's as technology companies engaged in a 'war for talent' (McKinsey and company coined the term 'war for talent' following a 1997 study and then it was the title of a book by Ed Michaels, Helen Handfield-Jones, and Beth Axelrod). The term is synonymous with human capital management and incorporates the same proactive management of the entire employee lifecycle. This means that companies that are engaged in talent management (human capital management) are strategic and deliberate in how they source, attract, select, train, develop, promote, and move employees through the organization. This term also incorporates how companies drive performance at the individual level (performance management).

This term is usually associated with competency-based human resource management practices. Talent Management decisions are often driven by a set of organizational core competencies as well as position-specific competencies. The competency set may include knowledge, skills, experience, and personal traits (demonstrated through defined behaviors). Older competency models might also contain attributes that rarely predict success (e.g. education, tenure, and diversity factors that are illegal to consider in many countries).

Talent Management in this context does not refer to the management of entertainers.