What does 'talent management' refer to?

Talent management refers to a strategic approach focused on attracting, developing, retaining, and deploying individuals with high potential and performance within an organization. This concept encompasses a comprehensive range of activities aimed at ensuring that an organization has the right people in the right positions at the right times, ultimately enhancing workforce effectiveness and operational success.

By systematically managing the talent lifecycle—from recruitment and onboarding to training and career development—organizations can create a skilled and committed workforce that drives innovation and achieves business objectives. This holistic approach is essential for building a competitive advantage in today's dynamic business environment, where the ability to nurture and leverage talent is paramount.

Other choices, such as focusing solely on temporary hiring, evaluating benefits, or merely increasing productivity do not encapsulate the broader, strategic nature of talent management, which is concerned with the overall enhancement of human capital within the organization.