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Talent management products are relatively new on the market. Some of them, especially niche solutions, carry high integration costs, and others are expensive due to the novelty of the technology that they employ. However, talent management is attractive for almost all businesses regardless of their size, industry or workforce particularities.
Indeed, talent management provides not only a way to find the right talent for a company but most importantly a means to develop and retain talent. Identifying potential is an essential part of any talent management strategy, and its benefits are obvious. First, this can help companies cope with underperforming individuals by giving the tools to employ these people's skills in better suited positions. Second, it allows for sufficient individual career development planning. Third, accurately identifying talent can aid in recognizing potential leaders within the organization.
These are all seductive aspects of talent management, as organizations dread losing or misusing valuable individuals that they continuously invest in. But, temptation should be rationalized. HCM may prove to be inefficient for certain companies.
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Keywords: supply chain, supply chain management, supply chain jobs, talent retention in the enterprise
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