TALENT MANAGEMENT - A STRATEGIC PRIORITY

Abstract

Companies facing the new economic world, dominated by demographic, macroeconomic, and technological changes need to see talent management as a business priority in order to survive. At the same time, the world economic crisis ads pressure over managers, forcing them to rethink the business and HR strategies. The object of this paper is to emphasize the importance of developing a talent management strategy and aligning it to the business strategy of the organization. Many studies and researches in this area confirm the idea that employees working in companies that emphasize talent management practices are more engaged in obtaining high performances and are more satisfied with their jobs. At the same time, these companies have better financial outcome.