ABSTRACT
Talent management is the recruitment, development and retention of individuals who consistently deliver superior performance. A talent management strategy is a deliberate and structured corporate approach to the recruitment, retention and development of talented individuals within the organization. Risk management is at the heart of all management strategies, if there is a guaranteed return for a specified investment then the risk element is largely eliminated. The financial risk is that the investment will not produce a positive or measurable return. Building corporate loyalty comes from showing that the employer is prepared to match the investment made by the employee. The fundamental corporate philosophy was to make employees responsible for delivering real profits as soon as possible in their careers and then progressively giving them larger responsibilities as their capabilities developed. The cumulative results for the profit centres in the division produced a divisional P&L outcome and the cumulative divisional results produced the Group outcome.
