Talent management is a top priority at organizations, although the success and quality of those strategies vary, according to the latest survey by the Society for Human Resource Management (SHRM).
Talent management is becoming an important component of human resource management, SHRM survey research specialist Shawn Fegley writes in the 2006 Talent Management Survey Report released Jan. 25.
Talent management strategies are designed to attract, develop, retain and use employees with the necessary skills and aptitude to meet a businesss current and future needs.
Fegley notes that talent management has evolved from an administrative process into a continuous organizational practice that includes succession planning, leadership development, and retention and career planning.
Three-fourths (76 percent) of 203 respondents in the poll said talent management is a top priority at their organization, and, among those ranking it a top priority, 90 percent were at organizations with 500 or more employees; 69 percent were medium-sized employers (100 to 499 employees), and 75 percent were small (one to 99 employees), according to a September e-mail poll of SHRM members.
Related article: https://www.shrm.org/hr-today/news/hr-news/pages/cms_015460.aspx
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