Talent Management and Human Resources — the difference

If the top leadership of an organization is asked whether talent management is important to them, the answer is very unlikely to be a ‘No’. The difference between it and HR, however, is not always crystal clear. HR, simply speaking, is considered to be the team that hires and terminates employees, while the former is sometimes considered to be a more creative reference to the HR department and its responsibilities.

What is talent management?

This effort is exerted over the long term, and aims to build the talent in an organization by developing “a stable (but dynamic) workforce that thrives in your organization’s value system, while simultaneously filling gaps with new perspectives and skills.” The aim of this effort is to encourage employees to work to their highest potential as well as to value, nurture, and appreciate their talent in the organization. It offers a chance to beat the competition by innovating in how the workforce talent is managed.

What is human resource management?

Some of the roles and responsibilities within HRM are as follow:

HR managers: These are the supervisors in the HR team, and they work with other departments to understand their people needs and to thereby identify and target the right candidates for job openings.

HR specialists: Also within the HR team, these are the people focusing on administering and executing particular responsibilities, such as compensation and benefits, compliance and safety, data management, training and development, and complaint management and resolution.

Do HR and talent management overlap?

  1. Administration: Core HR needs i.e. traditional, back-office responsibilities of HR
  2. Service delivery: Maintaining HR channels of communicating information to the workforce
  3. Managing talent: Processes related to attracting, recruiting, developing, and retaining people; the strategy to grow and maintain a workforce that gives a competitive edge
  4. Managing the workforce: Budgets, forecasts, schedules, and other attendance- and time-related tasks that help to optimize productivity and resources

Is a talent management strategy important for a business?

The connection between the two disciplines is that the strategy for managing talent is what drives the decisions and actions of the HR team. And given how it is critical to leverage employee talent, the most important resource of the organization, managing talent must be fully integrated into the approach followed by the HR team.

How can a professional develop better skills in managing talent?

Human Resource Professional. Passionate about Human Resources. Writing has always been a passion with strong interest in talent management & HR Industry.