Identifying The Critical Components Of A Talent Management Program

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Hybrid Assignment 4 – Talent Management Program Write a 2-3 page essay identifying the critical components of a Talent Management Program and provide a detailed rationale of why companies invest millions of dollars in Talent Management Programs? A strategic management program is imperative for any successful business in today’s company environment. Organizations are willing to spend not only time, but also invest millions of dollars in the talent management programs because of the obvious benefits the programs create such as employment engagement, customer satisfaction, absenteeism, turnover, employee loyalty, and union avoidance. Talent management programs consists of many critical components that when organized properly foster a setting of continuous growth and success. These components of an effective program include: 1. Onboarding 2. Training and development 3. Performance management 4. Employee engagement 5. Succession planning 6. Mentorship 7.Work Life/Balance 8. Offboarding. Organizations must ensure that they have the human resources capabilities readily available to meet the current and future requirements of an ever changing demand. Therefore, having a strong talent management program is critical and incorporating each of these components will ensure that the talent management program is successful. Onboarding is a process of integrating new employees into the organization and equipping them with the necessary resources to become fully engaged. This process

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