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Explain How Talent Management Models Can Be Used To Identify Develop And Retain Talented Individuals

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3.3 Explain how talent management models can be used to identify, develop and retain talented individuals
Talent management is a constant process that involves attracting and retaining high-quality employees, developing their skills, and continuously motivating them to improve their performance. It is carefully organised, calculated process of getting the right talent onboard and help them grow to their optimal capabilities keeping organisational objectives in mind.
The primary purpose of talent management is to create a motivated workforce who will stay with company in the long run. Talent management helps maximise the value of employees.
A talent management model is a visual representation of the process that companies take recruiting, training, and developing talented employees. The basic process that companies follow within the process model is:
Planning: This is the first step that involves identifying …show more content…

The process involves attracting a healthy flow of applicants. The usual external sources include job portals, social network, and referrals. The talent pools that need to be tapped into must be identified in advance to keep the process as smooth and efficient as possible.
Selecting: This is the process of evaluating and interviewing candidates to find the individual who is best suited for the job. This involves using a string of tests and checks to find the right match for the job – the ideal person-organisation fit.
Retaining: This step involves offering growth opportunities, encouraging professional development, and offering rewards programs and training for more involved positions. Most organisations try to retain their best talent through promotions and increments, offering opportunities for growth, encouraging involvement in special projects and decision-making, training for more evolved roles, and rewards and recognition

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