The basic definition of Talent Management is getting the right people with the right skills into the right jobs,is the basic people management challenge in organizations.While the focus of talent management tends to be on management and executive positions, the issues apply to all jobs that are hard to fill.
We need a new way of thinking about the talent management challenge. A new framework for talent management has to begin by being clear about the goal. Talent management is not an end in itself. It is not about developing employees or creating succession plans. Nor is it about achieving specific benchmarks like a five percent turnover rate, having the most educated workforce, or any other tactical outcome. The goal of talent management is the much more general but important task of helping the organization achieve its overall objectives. In the business world, that objective is to make money.