How it works

As a company defines its business strategy, each function must align its objectives and actions to support its strategic goals. Talent management strategy is a key process that the HR function follows to accomplish this directive by identifying priorities and setting up plans to advance talent management practices. It is directly enabling corporate strategy, hence its importance. It is a compass to decide how to design and prioritize talent management and other HR programs, services, and policies and guide how they should mature over time.

This process follows a periodic cycle, typically conducted on an annual basis, where the HR team analyzes current and future business and organizational needs, reviews its talent management programs and practices to assess if they respond adequately to those needs, and identifies adjustments. These improvements may enhance the effectiveness and efficiency of services provided in response to regulatory, operational, technological, or employee experience opportunity areas.