ACCA's Helen Brand on importance of talent management
Talent management is becoming increasingly important because of two reasons: Firstly, the complexity and the scale of the type of work that has been undertaken means that you need a broad and flexible workforce, which has the talents and skills they can apply to many different areas, and deep specialists in some cases. You need to manage the talent to meet the changing needs in an economic environment where people are looking for innovation in business models continuously. The second is retention of talent, where people have a clear path and talent management is present in the DNA of the organization. They are more likely to stay with the organization and develop the loyalty to business.