Talent management is a business strategy that aligns the workforce with the organization’s goal and values, which basically includes aligning the right person with the right role and tools. Talent management is to continue with the organizations based in the United States and systematic process that focuses mainly on the aspect of identifying the vacant position. It involves the necessity to hire a suitable person and allow him/her in developing their respective skills.
It takes into consideration the need for retaining the person to achieve long term business objectives. In order to have a successful talent management program in an organization, an organization needs to have the right components that fit in well and are efficient.
It involves the aspect of planning and then attracting talents. Then comes the selection of candidates followed by developing a work skill amongst the selected candidates by the application of training and development programs. It also considers the aspect of retaining an experienced candidate by assessing their respective performances. Although the concept of talent management has immensely popular among the administrators and the leaders of the organization, there is a lack of conception that how it is related to the productivity of the employee.
It is stated that in spite of having excessive literature on talent management it is still not clear how it can be related to the various dimensions of employee excellence as well as their performance. But it is true that as talent management helps people to get a job according to their efficiency and their ability, the employee becomes satisfied by their job and this satisfaction leads them for better performance in their work place. When the organization can be able to satisfy their employees only then they will be willing to stay and work for the company.