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Module 3/5 10 min

Talent Management (TM)

Step 1 / 4·What does Talent Management do?

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Learning objectives — after this module you will:

  • Describe the role of the Talent Management function
  • List the stages of the talent lifecycle
  • Understand the core TM tools: performance management, succession, 9-box
Learn ~3 min

What does Talent Management do?

Understand the role and scope of Talent Management.

Talent Management (TM) ensures the organization has THE RIGHT PEOPLE with THE RIGHT CAPABILITIES in THE RIGHT ROLES, across their entire lifecycle in the organization. If L&D focuses on 'learning and improving', TM focuses on managing people as a strategic asset.

The Talent Lifecycle

  1. Attract & Acquire — attract and recruit the right people
  2. Onboard — integrate so new hires contribute quickly
  3. Develop — develop capability and careers (overlaps with L&D)
  4. Engage & Perform — engage and manage performance
  5. Retain & Succeed — retain and prepare succession

Key takeaway: Talent Management ensures the right person in the right role across the talent lifecycle in the organization.

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