Talent Acquisition focuses on attracting and hiring skilled employees, Talent Management concentrates on developing and retaining these employees, and HR oversees these processes while managing other employee-related aspects.
Talent management is how employers recruit and develop a workforce that is as productive as possible and likely to stay with their organization long term.
A typical talent management framework may include the following areas: Talent strategy and planning. Talent acquisition. Employee performance management. Training and development. Succession planning and identifying. Total rewards.
The talent management process usually includes the following steps: Planning. Attracting talent. Selecting. Developing. Retaining. Transitioning.
Talent acquisition is the strategic process an organization uses to identify, recruit and hire the people it needs to achieve its business goals and optimize its processes.
Recruiter – a reactive and short-term process to fill current or impending job openings. Talent acquisition – a proactive and long-term strategy that focuses on building relationships with potential candidates and planning for future workforce needs.