Question

What is talent management? Explain the importance of building, buying and borrowing talent.

Answer 1

Talent management refers to the anticipation of required human capital for an organization and the planning to meet those needs. The field increased in popularity after McKinsey's 1997 research and the 2001 book on The War for Talent. Talent management in this context does not refer to the management of entertainers

talent management plays an important role in the business strategy since it manages one of the important assets of the company—its people. That is why companies should make the effort to effectively manage the employees to help them develop their skills and capabilities in order to retain them.

Answer 2

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Anticipation of req. human organisation for a specific activity is called talent management.