10 / May / 2021 : 10-34

Effective HR and Talent Management Key to Business Success


Human resources (HR) and talent management are closely related concepts in the field of organizational management. HR is responsible for managing the people-related aspects of a business, such as recruiting, hiring, training, and compensating employees. Talent management, on the other hand, is a more comprehensive approach to managing and developing employees that focuses on attracting, retaining, and developing the best talent for an organization.

The goal of talent management is to create a workforce that is aligned with the organization's mission and goals, and that has the skills and abilities needed to succeed. This is accomplished through a variety of activities, including employee development and training, performance management, and succession planning. Talent management also involves attracting top talent through effective recruitment and selection practices, as well as retaining top performers through competitive compensation and benefits packages and a positive work environment.

In order to be successful, talent management must be integrated into the overall strategy of an organization. This requires a strong HR function that can identify and develop the best talent, and support employees throughout their careers. It also requires a culture of continuous learning and development, where employees are encouraged to continuously improve their skills and knowledge.

In conclusion, HR and talent management are critical components of a successful organization. By attracting, developing, and retaining top talent, organizations can improve their overall performance and achieve their goals more effectively. HR and talent management must be integrated into the overall strategy of the organization and supported by a strong HR function and a culture of continuous learning and development.
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Published on 10 / May / 2021 : 10-34
Published by Liana Aloyan

Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.

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