ACCA SBL Syllabus H. Innovation, Performance Excellence & Change Management - Talent Management - Notes ^{1 / 2}

This means attracting, developing and retaining individuals important to success

HR should be Strategic

Managing talented individuals is a competitive advantage

The Benefits of Talent Management

Closely aligned to strategy, benefits should be:

1. The creation of a Learning Organisation

   Here workers challenge assumptions and search for improvements

2. Attracting New Talent

   To develop new, more competitive products/services

3. Supporting Succession Planning 

   As workers prepare for leadership roles

Talent Management Activities

Maximising potential is key - this is achieved by:

1. Coaching in management and leadership

2. Attending network events

3. Communication with board level management

4. Communication with key clients