Before tackling talent management, it is imperative to define ‘‘talent.’’ Definitions of talent abound. Ulrich proposed that it equates to the combination of ‘competence, commitment and
contribution’ (Beechler & Woodward, 2009). McKinsey & Company defined ‘talent’ as ‘the sum of a person’s abilities . . .his or her intrinsic gifts, skills, knowledge, experience, intelligence,
judgment, attitude, character and drive. It also includes his or her ability to learn and grow’ (Michaels, Handfield-Jones, & Axelrod, 2001, p. xii). In interviews conducted by the author with
senior executives, some use the term ‘talent’ to refer to key employees such as executives or managers. For purposes of this paper, I define talent as the collective knowledge, skills, abilities,experiences, values, habits and behaviors of all labor that is brought to bear on the organization’s mission. This definition is broader than some and reflects the author’s bias of thinking about labor investments holistically. Think about what capability is added to or
subtracted from the organization as a result of acquiring or losing a person. This labor may be in the form of employees, but it could be contractors, outsourced labor, or other forms of labor
supply.
Before tackling talent management, it is imperative to define ‘‘talent.’’ Definitions of talent abound. Ulrich proposed that it equates to the combination of ‘competence, commitment andcontribution’ (Beechler & Woodward, 2009). McKinsey & Company defined ‘talent’ as ‘the sum of a person’s abilities . . .his or her intrinsic gifts, skills, knowledge, experience, intelligence,judgment, attitude, character and drive. It also includes his or her ability to learn and grow’ (Michaels, Handfield-Jones, & Axelrod, 2001, p. xii). In interviews conducted by the author withsenior executives, some use the term ‘talent’ to refer to key employees such as executives or managers. For purposes of this paper, I define talent as the collective knowledge, skills, abilities,experiences, values, habits and behaviors of all labor that is brought to bear on the organization’s mission. This definition is broader than some and reflects the author’s bias of thinking about labor investments holistically. Think about what capability is added to or subtracted from the organization as a result of acquiring or losing a person. This labor may be in the form of employees, but it could be contractors, outsourced labor, or other forms of laborsupply.
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