Talent Management

This assignment aims on the differences between the theory and praxes in managing of talented workers. The first part of the assignment is elaborated on theoretical base only and it is focused mainly on explanation of "talent" and "talent management" expressions. Further on the first part describes specific areas where the accent in talent management is necessary. The second part on the contrary to the first part deals with practical issues, processes and programs of the IBM. With respect to the company's size it is necessary to have the talent management precisely prepared as a part of company strategy, which is accomplished as a company's routine not only as a paperwork. This part contains process description of talent identification, selection, development and also retaining talented workers. Single area descriptions are completed by pictures and tables to make it well-arranged. In this section there are partly compared praxes with the theory. There is shown confrontation among theoretically defined areas and processes of talent management and IBM's areas and processes of talent management. Also important is different understanding of "talent" between theory and praxes. The third part summarizes findings and conclusions based on the confrontation between practical and theoretical parts. The fourth part evaluates actual topic of world financial crisis and its impact on the field of talent management mainly from benefits and bonuses for talented workers point of view.