The Talent Management Challenge

In the last years, employers understood the importance of talent management. However, as crises became aggressive worldwide, their priorities shifted to costs, and customers. Layoffs, jobs restructuring, and early retirement were in the headline. While employers think they did the best for their key employees, talents are disappointed with the lack of strong leadership, the wrong incentives they were offered, bad treatment and scarce communication of belt-tightening actions, that caused them a drop in morale. Most of them are considering changing jobs when the downturn will be over. The purpose of our research was to review the practices used in talent management, with emphasize on the organizations operating in Romania and in the United States of America, and to search for ways to improve them, so that companies are able to retain and to fully use their talents for competitive success.