Significance and Benefits of Talent Management

Significance and Benefits of Talent Management– By means of talent management, by means of systematic work with talents the following situations and strategic issues, for example, can be solved –

• The issue of identification and needs of talents in connection with trading priorities;
• Difficulties with filling the most important positions appear in the organization, there is lack of skilled people on the market;
• A process of acquiring employees in the organization is successful but it turns out to be difficult to retain talented employees there;
• It is not possible efficiently to find talents and to identify employees with a high potential; it is difficult to look for a balance between retention of employees in their positions and providing opportunities for their further development in the organization;
• In the organization there is a high fluctuation, mainly in the most important segments of workforce;
• ‘Best practice’ programs have been implemented in the field but any significant changes cannot be seen in the approach to the employees;
• Organization’s customers pass from the organization to competition thanks to earlier personal relationships with former employees;
• It is expected that in the future a considerable organizational growth will occur or the acquisition requiring a presence of experienced employees will be materialized;
• Restructuring initiated by organization’s needs will happen and etc.

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