The concept of talent management has become key to increasing the competitiveness and profitability of any company.
The concept of human talent management began to be used in the 1990s. But it hasn't really gained much traction until today. Numerous studies have been conducted that have attracted many HR professionals, who have begun to apply their knowledge to the companies they work for. But what exactly is the concept of talent management?
To better understand, human talent management is comprised of a series of tools and actions that help recruit and subsequently retain talent—in other words, all those people who are most valued by companies. These are some of the concepts most commonly used by HR professionals to increase human talent in companies:
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Search, attraction, and recruitment of candidates. Qualified and well-trained individuals to perform their job duties.
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Manage and establish competitive payrolls.
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Promote employee development and professional training by providing them with various courses or the flexibility to complete them.
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Design ways to measure employee performance and productivity. All with the goal of identifying the most competitive employees and implementing measures to motivate others.
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Create, update, and implement various talent acquisition and retention programs within the company.