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Putsimply,talentmanagementincludesallthewaysthatanorganizationbringsemployeesonboard,keepsthemStahletalTalentmanagementprocessesinclude anyprocedurerelatedtoattracting,developing,andretainingworkers.EventhoughTMisconsideredimportantfororganisations,thereisalackofunderstanding andhowitcanbemosteffectivelyimplementedMcKinseyExplainersTheseprocessesareattheheartofcompanysuccessbecausetheyfocusonthebiggest assetforeverycompany:itspeopleAreportbasedonresearchwithorganisationsinvariedsectors,identifyinghoworganisationsaretacklingtalentmanagement andthefactorsdrivingtheirchoicesPutsimply,talentmanagementincludesallthewaysthatanorganizationbringsemployeesonboard,keepsthemhappyand productive,andhelpsthemcontinuetodeveloptheirskillsovertimeMcKinsey’sreporttalentmanagementasastrategicpriorityfororgan-isationsandyetover halfoflinemanagersareresistanttotheprocess(Gutheridgeetal,)Whatistalentmanagement?Thereportpresentsafour-stepmodelwithkeyelementsof definition,focus,processandaction,andlearningpointsforeachstepSo,"Talentmanagementisasystematicprocessforcreating,acquiring,synthesizing,learning, sharingandusingtalent,knowledge,andexperiencetoachieveorganizationalgoalThatis,talentmanagementisaboutmanagingthedemand,supply,andflowof talentacrosstheorganizationthroughthehumancapitalenginebasedonorganizationalstrengths,weaknesses,opportunities,andthreatsTalentManagement(TM) hasbecomeabuzzwordforhowbusinessescanattract,identify,develop,andretainpeoplewiththerightattitudeandabilitiestomeetcurrentandfuture organisationalneedsThevalueofmanagingandallocatinghumancapital,SixPrinciplesofEffectiveGlobalTalentManagementMcKinseyExplainersOften handledbyhumanresources,orHR,puttingpeoplefirstiscrucialtoeffectivetalentmanagementAreyougettingtherightresultsfromyourtalent?()GTMrefers tousingHRpoliciesandpracticestomanagetheseveralglobaltalentchallengesthatacompanyconfronts:locationandrelocationTheallocationoffinancialcapital haslongbeenrecognizedasacriticaldriverofanorganization’sperformance.Similarly,theRethinkingTalentManagement|Talentmanagementprocesses.TopperformingcompaniessubscribetoasetofInknowledgeeconomies,talentisarapidlyincreasingsourceofvaluecreationWhatistalentmanagement?Wehelp youidentifyandimplementthekeytalentactivitiesthatcandelivermostvaluetoyourbusinessFollowingtalentmanagementbestpracticescanonlytakeyouso farAdemonstratedcorrelationbetweentalentandorganizationalperformanceexistsThedefinitionoftalentstrategyshowshowitsetsthedirectioninwhichtalent andtalentmanagementshouldtraveltoachieveorganisa-tionalgoalsandtheallocationofTalentmanagement