Talent Development And Development: Definition Of Talent Management

Chapter 1

1.0 Introduction

1.1 Talent Management Definition

Since a group of McKinsey consultants coined the phrase the War for Talent in 1997, the topic of talent management or development has received a remarkable degree of practitioner and among people who are involve in industry. According to Buckingham and Coffman, researcher, business, a talent is:

“Any recurring patterns of behavior that can be productively applied are talents. The key to excellent performance, of course, is finding the match between your talents and your role “.

Nancy R. Lockwood, an international human resources director, writes a definition that:

“Talent Management is the implementation of integrated strategies or systems designed to increase workplace productivity

Important of Talent Development

Recognizing that the effective management of internal talent and the ability to bring in new talent is vital for continued success, there needs to be a systematic approach to spotting, developing and growing talent, which is aligned to succession. Talent development aims to consider the individual in relation to the organisation using two dimensions, one which takes into account their performance to date; the other their assessed potential. The two measures should also take into consideration an individual’s personal aspirations and motivations.

Conclusion

In the literature it is argued that the word "talent" to express that is of a static nature, but about talent as a concept, it is argued that talent is something that can be developed. Thus, talent development refers to the development of talent within the organization, rather than the "harvest" of talent one can assume that the language of meaning inherent in the concept name. Talent development is also a result of the development in the field of Human Resource Management (HRM) and developments in management

In the knowledge economy, human capital has replaced physical capital as the most important source of competitive advantage. In addition, these organizations have lost their structure and hierarchy, and will be praised with less managers in the chain of command, and therefore does not have as many career opportunities in management because there was before. Companies are also trying to increase their competitiveness in their markets and also in the labor market. This has led to new requirements for organizations to manage their human resources. Talent management has emerged as an answer to many problems and it can ensure a competitive advantage, and retainment of staff development is important, and it is a strategic definition of human resource