Talent management includes a wide variety of processes and functions that range from recruitment to employee retention.
Below are some of the processes involved in talent management:
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- Job requisition
- Recruitment planning
- Job description (a process that should include team members)
- Writing of job advertisement
- Placement and continued optimization of job ad
- Application review
- Communication with candidate
- Phone, online assessment, video, or screening interview
- Interviews that include multiple employees and team members
- Background checks and information verification
- Extending a job offer
- Negotiation or agreeing upon conditions
- Employment contract signing
- Employees first day and onboarding process
- Welcoming a new employee and company introductions
- Job training
- Setting employee goals
- Employee coaching, relationship building, and informal feedback
- Formalized feedback such as employee performance reviews
- Employee development and continued training
- Career planning and career path trajectory
- Promotions, lateral moves, transfers, referrals, internal hires
- Employment termination either by choice or by discretion of employer
