Pillars of Talent Management

First, people are a company’s greatest asset. A company’s value is perpetually linked to the success of its people.To better understand better about talent management, there are four pillars as described below:

• Recruitment is the first step in creating talent management strategy. Companies and organizations should work to attract talented people to be converted in to employees.
• Learning and development that is initiated during the employee lifecycle to fine-tune and develop critical skills needed to perform and to complete the organization’s strategic goals.
• Performance Management usually uses performance reviews, one-on-one meetings, and reward programs. the talent is expected to perform at high standard.
• Retention can be defined as the HR activity to keep high performing talent with the company as long as possible, increased productivity and successful completion of strategic goals.

Reference: https://www.hrexchangenetwork.com/hr-talent-acquisition/articles/recruitment-talent-management-pillars-part-i