Talent Management Framework
By: A Staff Writer
Updated on: Jul 19, 2024
What: A strategic approach to attracting, developing, and keeping the people your business needs to succeed.
Who: No single inventor, but a core function of the Human Resources (HR) department in any organization.
Why: Your team is your biggest competitive advantage for entrepreneurs. A strong framework avoids costly hiring mistakes and turnover.
When: Continuously! But especially when scaling, entering new markets, or if finding good people feels hard.
How:
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- Starts with clear definition of what talent you’ll need to achieve your business strategy.
- Encompasses processes for recruitment, onboarding, development, etc.