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Talent Management

Talent Management, otherwise known as Succession Planning, emerged in the 1990s as more and more companies came to realize that employee talents and skills drove business success.  The process now known as Talent Management evolved as a systematic way of developing employees skills to their potential, increasing employee retention, and attracting highly skilled workers to the organization.  Companies engaged in talent management are strategic and deliberate in how they attract, develop, and retain their employees.  Research done on the value of these development systems revealed benefits in critical economic areas such as revenue, customer satisfaction, quality, productivity, cost, and market capitalization.