Why is Talent Management important in term of HR?

Is it because the talent management agency responsible for staff development, the body of T-based service company employees and improve job performance

In the broadest sense, talent management has been described as "a deliberate and ongoing process that systematically identifies, assesses, develops and retains talent to meet current and future business needs and objectives." Stated another way, it is about putting the right people with the right skills in the right position at the right time. Talent management begins as soon as recruiters identify potential hires and continues throughout a person's tenure as an employee of the hiring organization

Talent management is just another one of those pesky Human Resources terms. Right? Wrong. Talent management is an organization's commitment to recruit, retain, and develop the most talented and superior employees available in the job market.

So, talent management is a useful term when it describes an organization's commitment to hire, manage and retain talented employees. It comprises all of the work processes and systems that are related to retaining and developing a superior workforce.

An effective strategy also involves the sharing of information about talented employees and their potential career pathsacross the organization. This enables various departments to identify available talent when opportunities are made or arise.

In larger organizations, talent management requires Human Resources Information Systems (HRIS) that track the career paths of employees and manage available opportunities for talented employees.