ABSTRACT
Talent management is one of the most important strategic objectives of companies today, many Chief Learning Officers (CLOs) have the primary responsibility for the talent management system. This chapter explores the importance of talent in the organization. It focuses on many of the issues that need to be addressed to avoid talent mismanagement. A systems approach to talent management is needed for success, efficiency, and consistency. The systems approach follows a step-by-step process, beginning with attracting talent and ending with removing unwanted talent. An executive talent management system also plans for organizational transitions. Before describing the mechanics of talent management, it is helpful to define the critical talent in an organization. Human capital analytics practices have been developed throughout major organizations, and these practices are tackling all kinds of issues. Financial resources are available to almost any organization with a viable business model.
