An organization's ability to integrate and manage talent effectively has never been more essential than in today's volatile business market. Unfortunately, for many organizations simply defining talent management is difficult. Previous research on talent management rarely underlies a common agreed-upon definition, leading ASTD/i4cp to conduct a study on Talent Management Practices and Opportunities.
While most leaders do not agree on one narrow definition of talent management, they do seem to share an idea about the basic parameters of the subject. After careful identification of the variables comprising talent management, ASTD/i4cp defined talent management in this way:
- A holistic approach to optimizing human capital, which enables an organization to drive short- and long-term results by building culture, engagement, capability, and capacity through integrated talent acquisition, development, and deployment processes that are aligned to business goals. continue reading