From the course: Talent Management
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What is talent management strategy?
- We've all read about companies where people are happy and those where they're not, companies where people don't feel like there's a future or a way to grow their career, so they leave. That's a company that needs a talent management strategy. Companies with effective talent management strategies are more innovative, more adaptable to change, have greater employee productivity, and retain their key talent. As a result, these companies have earnings 15% higher than their peers. A talent management strategy is the starting point for any organization to achieve its business goals. In fact, the talent management strategy is set based upon business goals. It's the strategy that guides recruiting and hiring, performance management, career development, succession planning, and learning and development. In this video, I'll walk you through the four steps to build an effective talent management strategy. First, HR and the business…
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