The term talent management first surfaced in the 2000s during the rise of the Internet which pushed companies to seek out fresh talent with rare and specific skills. As a result, human capital has since become a strategic topic for companies requiring to be creative in both attracting and retaining talent.

What exactly is talent management and how does it affect traditional training and what is its link to online training?

Talent management is a branch of Human Resources, which aims to attract, develop and retain high-potential talent that enable the company to significantly increase its competitive advantage.

The term “talent” defines the qualified personnel of a given company. These individuals are characterized by significant professional experience and a strong knowledge of their sector or department.

Talent management is a strategic focus on behalf of any business, it aims to maintain the innovation and performance of the company in the long run. It is composed of three major pillars: the acquisition of talent, the development of that talent and the retention of said talent.

A PwC study revealed that 55% of business leaders believe that companies will suffer in the coming years from an insufficient talent pool. Therefore, focus must be on the implementation of a talent management policy.

Although many companies do not yet have a talent management policy, there is a trend of prioritizing the optimization of training. Especially since we all know the cost of losing a talent can be substantial.

It therefore becomes essential that employees be involved in their training and that training managers rely on the maintenance and acquisition of skills.

Online training is now indispensable in the field of business training given how it meets several important needs such as:

– Offering training regularly in light of the disappearance and the emergence of certain professions,

– Employing remote training at all times,

– Train the new generation of employees raised with social networking and smart phones and make them adhere to the values of the company.

Online training is a great way to facilitate access to training at a low cost: a large-scale deployment across all platforms and a degree of customization that cuts down logistical, printing, and trainer costs.

In conclusion, the search for talent is a uniquely human resources mandate which must be at the heart of the organizational structure of a company. There is a strong link between talent (employees with specific skills that are useful to the company and key to its evolution) and the strategic future of the company.

Caroline Irrmann, web editor