Definition
 

Talent Management Components

The components of talent management may vary by industry, by organizational maturity, or by workforce demographics, but the overall focus should be on integrating and aligning all the components with key goals and strategies of the organization.

Many factors drive talent management efforts. ASTD research revealed these needs as the leading drivers:

  • executing strategies

  • retaining talent

  • providing customer service

  • innovating and changing

The configuration of talent management practices and priorities should be carefully managed to take the form that best supports an organization's strategic focus. ASTD research shows that most organizations focus on two areas - building needed competencies and then leveraging them by putting them in the appropriate place in the organization and measuring their impact through some form of accountability for results.