Talent Management System: Attracting and Retaining the Best
The case scenario:
What is the definition of talent management? Explain why companies are placing intense focus on attracting and retaining the best talent at all levels of an organization. For a fictitious company, what kind of talent management system would you develop?
The solution provides a thorough explanation of what talent management is. Using "Fake Company" (FC) as an example, there is a detailed talent management program defined for getting top performers. As employees are often the most expensive resource a company has, retaining top performers is also critical. Having promotional opportunities and competitive salary/benefit packages will help to ensure employees do not walk out the door.