Talent Management describes the process through which employers of all kinds – companies, banks, government, non-government organizations, etc., – anticipate their human capital needs and set about meeting them. Getting the right people with the right skills into the right jobs, a common definition of talent management, is the basic people management challenge in organisations.
While the focus of talent management tends to be on management and executive positions in most organisations, we do not necessarily need all talented people in an organisation. We need to spot the people with the right kind of talent to innovate, to lead, etc.