The definition of human talent management is simple, but it involves much more work than one might think.
The definition of human talent management is a set of human resources processes incorporated and designed to attract, develop, motivate, and retain a company's employees. As we know, employees are one of a company's most important assets. Therefore, the mission of any company's HR department is to focus their time and effort on achieving these goals.
Having the best employees means achieving the best results and performance. This becomes one of the most important competitive advantages. Keep in mind that hiring a new employee will be three times more expensive than retaining a good employee. This is why talent management becomes essential.
It's also important to keep the following figures in mind so you can assess whether talent management is implemented in your company:
-
It can take up to six months for a new employee to adapt to the organization, from the moment they join until they reach the level of productivity expected in their job.
-
It can take up to 18 months to fully integrate a person into the company culture.
-
The process is even longer when it comes to the company's strategy and operations. It takes 24 months for the new member of the organization to become fully familiar with these aspects.