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HR’s Role in Talent Management- HR‘s role must shift from task-oriented and reactive to strategic and leading, for two primary reasons. First, as employees are increasingly recognized as assets who offer their employer competitive advantage, the management of human capital is becoming more clearly linked to bottom-line results. And second, the costs of globalizing a workforce are high and the financial and nonfinancial/reputational human implications for the entire organization are profound.
The phrase “talent management” is being used to refer to the activities to attract, develop, and retain employees. Some people and organizations use the phrase to refer especially to talented and/or high-potential employees. The phrase often is used interchangeably with HR — although as the field of talent management matures, it’s very likely there will be an increasing number of people who will strongly disagree about the interchange of these fields.
Given HR‘s changing role, professionals who work in this function must understand the organization‘s business well enough to align the HR/talent management strategy with the overall business strategy. They also need to be able to both develop the internal talent necessary to the health of the organization and/or effectively find talent outside the organization to fill key roles.
