Talent management, also referred to as human resources management, is a holistic human capital management system focused on an organization’s overarching employee experience. A talent management strategy allows managers and HR departments to take a broad view of their day to day operations with the goals of improving talent acquisition, employee development, and employee retention.
A strong talent management model might look something like this:
- Talent acquisition
Attracting talented people in a competitive marketplace requires attention to areas like external communications, employer branding strategies, health care and benefits practices, company culture, and any other factors that can set a business apart.
- Learning and development
Talent management software that actively assists employees along their career paths with on-the-job training and education programs can improve workers’ long-term prospects with a company and boost overall employee engagement.
- Employee retention
Keeping vital roles filled with top talent is an ongoing challenge for most companies. Performance management tools that set job expectations and provide consistent feedback can go a long way toward keeping strong employees satisfied in their roles. When workers do leave, succession planning tools can help ensure that those positions are filled by equally capable employees.
Ascentis’ powerful talent management software can help you with all of your employee management needs.