Talent management has emerged as a label for the group of human resources practices associated with finding, developing, and deploying the talent organizations need. Organization size, complexity, and geographic distribution, along with cultural differences, all contribute challenges to effectively managing the human assets of an organization. Talent management is designed to address those challenges and ensure that organizations have the talent they need to succeed. Establishing clear philosophies regarding whether specialized, vertical career paths or generalized, broad career paths are best suited to the success of businesses can inform several layers of talent decisions and ensure that organizations have the leaders they need to be successful over the long term.

Talent management is not simply a new term for human resources. Some foundational human resources functions, ...

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