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Basics of Talent Management– In the current hard conditions of competition gaining a global character, in the conditions of growing pressures of business environment globalization, human resources are becoming more and more key aspects for organizations. It is not financial means, modern and efficient techniques and technologies but people, efficient employees who appear to be the main competitive edge. Organizations that want to survive and grow, and overtake their existing competition and substantially increase their added value in growing competition, and to implement a competitive edge have to attract, cultivate and retain their talented employees, and, as long as possible, especially those who are extraordinarily talented.
The key components of talent management are attracting, developing, and retaining high-performing employees. The process starts with selecting the right people, giving them all the tools they need to be successful and retaining them for the long term.
Talent management is the full scope of HR processes to attract, onboard, develop, motivate, and retain high-performing employees. Talent management is aimed at improving business performance through practices that make employees more productive. The first step of the talent management process is attracting and selecting A-players. When a company is able to both attract and select (future) top performers, all its other talent management practices will be much more effective.
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