Although there are numerous definitions, concepts, and methods associated with this term, our basic definition of talent management is: a leadership process that enables the organization to identify and manage the totality of skills and competencies that ensure business success.

There are two key concepts today regarding talent management.

The first focuses on the management of talent, that is, emphasis is placed on nurturing and developing employees with the highest potential for contribution to the organization.

The second focuses on the management of skills, that is, on creating an optimal match between the skills required for various jobs and the available pool of employee skills.