20838587.edited - Effective Talent Management Abstract The...

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Effective Talent Management Abstract- The purpose of this paper is to develop effective talent management strategies for companies competitive excellence in changing the work environment. Talent is something that is highly sought in most organizations. Talent management is a process of recruitment, enhancing the skills of existing employees, and retaining and promoting the employees. The Human Resources department in every company practices talent management. Every company needs talented employees at different levels to increase the efficiency of the company. In a competitive economy, talent management is a primary driver for the companies success. Talent management is also defined as the process of using strategic HR to enhance business value and to make it possible for companies to reach their goals. Everything done to recruit, retain, develop, reward and make people perform forms a part of talent management as well as strategic workforce planning. Introduction- In order to succeed in a very competitive economy a company must have exceptional talent. It is crucial that a company understands how to hire, train, and retain talented employees. Effectively managing talented people is a key factor in the strategic success of a company. This report is about
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