Talent Development

Talent development is often defined as the process by which organizations anticipate and meet their needs for talent in specific positions or jobs. In general, the term is used to refer to human resources practices that require the use of strategic human resource planning to foster organizational business goals. The term talent development was first coined in 1997 by the consulting firm McKinsey & Company. Ultimately, the McKinsey report argues that variance in employee performance can help explain why organizational performance fluctuates across individual business units.

Research supporting the importance and influence of human resource programs on organizational effectiveness has been generally accepted since the 1970s. Talent development encompasses recruiting, retaining, developing, rewarding, and motivating highly skilled administrative, professional, technical, and support staff. Globally, organizations with ...