Building the reserve workforce for the future is something no organization can afford to ignore. Competition continues to grow and the talent pool is shrinking day by day. No organization can afford to neglect the identification and development of the talents of its employees. Regardless of the business model, only the organization's people, and their ability to learn and lead, constitute the organization's only sustainable source of competitive advantage. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay Talent development focuses on planning, selecting and implementing development strategies for employees who work in order to ensuring that the organization has both the present and the future. a pool of talented employees to achieve its strategic objectives. All development activities are expected to be aligned with organizational talent management processes. The organization that wishes to sustain its success must have the most talented employees to succeed in today's hypercompetitive and increasingly complex economy. The organization must be well aware that it must manage talent as an essential resource to achieve the best possible results. Understanding the need to hire, develop and retain talented people is at the heart of the organization. It is absolutely necessary for the organization to develop the capabilities of employees, nurture their careers and manage the performance of individuals and teams for the success and sustainability of the organization. Talent wins games, but teamwork and intelligence win championships… Michael Jordan Talent management refers to anticipating the human capital required for an organization and planning to meet those needs. The talent development process of any organization constantly focuses on organizational needs and is obviously an investment in meeting those needs. Organization-driven talent development focuses on a multiplicity. organizational needs such as succession planning, achieving business strategy, building leadership capabilities and developing successful employees. Organizational restructuring, globalization and competition highlight the need for the organization and individual employees to focus on investing in learning. During difficult times, it is important for the organization to focus on developing employee capabilities and skills so that it can hold the organization in good stead when recovery occurs. The organization must also focus on developing employees who occupy key roles to meet current and future development challenges. Investing in talent development has the potential to capitalize on business opportunities and facilitate expansion. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay This investment in talent development is a potential source of competitive advantage since it results in valuable, rare, inimitable and non-substitutional human resources. This essentially comes down to the requirement that the organization develop the "right talent in the right people, at the right time and in the right way, to ensure that its talent pipeline has an abundant pipeline of talent in..