Significance and Benefits of Talent Management– By means of talent management, by means of systematic work with talents the following situations and strategic issues, for example, can be solved –
- The issue of identification and needs of talents in connection with trading priorities;
- Difficulties with filling the most important positions appear in the organization, there is lack of skilled people on the market;
- A process of acquiring employees in the organization is successful but it turns out to be difficult to retain talented employees there;
- It is not possible efficiently to find talents and to identify employees with a high potential; it is difficult to look for a balance between retention of employees in their positions and providing opportunities for their further development in the organization;
- In the organization there is a high fluctuation, mainly in the most important segments of workforce;
- ‘Best practice’ programs have been implemented in the field but any significant changes cannot be seen in the approach to the employees;
- Organization’s customers pass from the organization to competition thanks to earlier personal relationships with former employees;
- It is expected that in the future a considerable organizational growth will occur or the acquisition requiring a presence of experienced employees will be materialized;
- Restructuring initiated by organization’s needs will happen and etc.
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