Talent management is the goal-oriented and integrated process of planning, recruiting, developing, managing, and compensating employees. When a manager takes a talent management perspective, he or she:
1. Understands that the talent management tasks (including recruiting, training, and paying employees) are parts of a single interrelated talent management process. For example, having employees with the right skills depends as much on recruiting, training, and compensation as it does on applicant testing.
2. Makes sure talent management decisions such as staffing, training, and pay are goal directed. Managers should always be asking, “What recruiting, testing, or other actions should I take to produce the employee competencies we need to achieve our strategic goals?”
