A talent is a special skill or ability a person/employee has. It enables them to act quicker and be more efficient. Those people are needed for special tasks and mostly work in a leading position.
There are several reasons why talent management is needed in a successful business.
First of all, our society changes to a knowledge-based society and therefor companies need motivated and creative employees. Secondly, in order to stay competitive, innovations are very important and mostly talented workers can grasp a new idea and put it to action.
Talent management is part of Human Resources Management and includes several steps.Firstly, a company has to identify internal or external employees that can be bound long-term to the business. The firm has to invest in an active search. This means that jobs are advertised in social networks, over the radio, in newspapers or with help of a head-hunter.Secondly, the business company has to attract the candidates. A firm has several opportunities. It can attract people with a high salary and more holidays. But nowadays people not only want a higher salary but also the chance to step up easily in the business hierarchy to a leading position. Moreover, employees prefer a company with a long-term job guarantee.
The next step in the talent management cycle is integrating your new employees in the firm structure. Let them become part of the team and show them what their job is. Help them to get settled in their new job with the help of trainings or with other qualified workers.In order for employees to stay motivated, competitive and creative, a company has to develop their talents. This can for example be done with advanced trainings to keep them updated.
One of the most important parts of talent management is motivating your workers. It has been shown, that motivated and enthusiastic employees work to the best of the company. A company can only stay competitive with motivated workers you see themselves as