The importance of talent management and why you should invest in itSay no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Talent management is more than just a key human resources term you encounter. Talent management is the organization's commitment to hire, manage, develop and retain the most talented and superior employees available in the labor market. It plays an important role in business strategy because it manages one of the company's important assets, its employees. Companies must make the effort to manage their employees effectively and help them develop their skills and abilities and retain them. Talent management is a business strategy that organizations believe will help them retain their most qualified and talented employees. Here are some reasons why you should invest in talent management.1. Attract Top TalentWhen you have strategic talent management in place, you will have the opportunity to attract the most talented and capable employees available. Strategic talent management creates an employer brand that attracts your ideal talents and in turn contributes to higher levels of performance and business results.2. Employee Motivation Having strategic talent management helps keep your employees motivated and creates more reasons to stay with the company. According to Chandler and Macleod's survey, 91% of employees surveyed said they wanted more than money to feel engaged and motivated.3. Continuous coverage of critical roles. The company will be equipped to address critical skills gaps and will have a plan to address critical roles and highly specialized roles within the workforce. In other words, the company will have a continuous flow of employees to fill critical roles, ensuring operations run smoothly. This also means that other employees will not be left with an additional workload that could lead to burnout.4. Increase employee performanceIt will be easier to identify employees best suited for the role, leading to fewer performance management issues and grievances. This will also ensure that the best talent within the company stays longer.5. Engaged EmployeesThe business can make systematic and consistent decisions about staff development, ensuring that the people you need have the necessary skills and development, saving money on unnecessary development. Additionally, when there is a fair development procedure, employees feel more engaged and this gain increases retention rates and also ensures that the company can meet its operational requirements.6. Retain Top Talent Well-structured onboarding practices create higher retention levels, saving the company on recruiting and performance management costs in the long term.7. Improve Business PerformanceWhen your employees are engaged, competent and motivated, they will work towards achieving your business goals, which in turn increases customer satisfaction and business performance.8. Increased Customer SatisfactionKeep in mind: This is just a sample.Get a custom paper from our expert writers now.Get a custom essayA systematic approach to talent management means that there is a..