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10 Talent Management Best Practices for 2012

In today’s lean business environment, companies are maximizing the value of their people. Your people—or talent—are an asset you can leverage to dramatically impact your success. The more you know about your talent, the more you can drive performance. Leveraging talent management can help you capture meaningful information on people, know the talent that is driving results, and act on insight for better business performance.

Talent management is a combination of HR processes that enables you to:

• Develop a social recruiting strategy.
• Engage line managers to discuss performance with direct reports.
• Prepare for the talent shortage in 2016.
• Automate all of your talent management.
• Cascade company-wide goals across the entire organization.
• Identify top performers internally and externally.
• Leverage your talent to drive overall performance and competitiveness.