{"id":97516,"date":"2023-03-29T15:55:32","date_gmt":"2023-03-29T13:55:32","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=97516"},"modified":"2026-04-07T12:53:07","modified_gmt":"2026-04-07T10:53:07","slug":"talent-management","status":"publish","type":"post","link":"https:\/\/factorialhr.co.uk\/blog\/talent-management\/","title":{"rendered":"Understanding Talent Management and Implementing a Strategy"},"content":{"rendered":"

What is Talent Management?<\/strong><\/h2>\n

Talent management encompasses how a company recruits, develops and retains talent<\/a>. It encapsulates every stage of the employee lifecycle and the strategy relating to each part. The ultimate aim is to attract top talent and nurture<\/em> that talent to grow within your company. <\/strong>When done well, it can lead to higher employee satisfaction,\u00a0 lower turnover, and better business outcomes.<\/p>\n

Your people are your company\u2019s most valuable asset, <\/strong>which is why talent management<\/a> is crucial to HR\u2019s role. It is the responsibility of the People Team to oversee each part of the employment experience for an employee, all the way through, from the recruitment pipeline to the onboarding process, creation of company culture<\/a>, internal development, and workforce strategy.<\/p>\n

Company leaders can split the talent management cycle into five overarching sections:<\/p>\n

    \n
  1. Plan<\/li>\n
  2. Attract<\/li>\n
  3. Nurture<\/li>\n
  4. Retain<\/li>\n
  5. Transition<\/a><\/li>\n<\/ol>\n

    \"Talent<\/p>\n

    In this article, we\u2019ll cover each element of the talent management system.<\/p>\n

    \n

    Table of Contents<\/p>\n