Answer to Question #316718 in Management for nash

Question

Detail the challenges faced by organisations regarding the acquisition and retention of talent, justifying the significance of talent management in your discussion

Answer 1

Lack of highly talented skilled employees makes a competition for the few talented to become a major priority in the highly competited for field of business. This is because with a talented person it is easier to acquire and maintain customers as compared to employees with only paper qualifications.These challenges are such as hiring managers relying on transaction based recruiting agencies and choosing to lean on the lighter side of the pay range.