What Is Global Talent Management?
Talent management comprises the integrated processes and programs companies use to create and deploy an effective workforce. Companies have been concerned with many of these processes, one supposes, since the dawn of capitalism, but with globalization of the modern business firm has come a greater need for some level of centralization, consistency, and integration in their application. Like everything else, the talent management system derives from the organization’s business strategy. Once that strategy is set, the company needs: • Workforce planning, to determine the competencies and skills it will require, taking into account demographic, social, economic, and educational trends. • A staffing strategy, a map to guide the organization in its efforts to fill the gaps between its existing workforce and the workforce it needs to achieve its business strategy. The staffing strategy must identify existing resources, find sources for needed talent not already resident in the organization,
