What is a primary focus of talent management according to current trends?

A primary focus of talent management in current trends is enhancing talent development and sourcing. This emphasis stems from the understanding that organizations must not only attract the right talent but also ensure continuous development to keep pace with rapidly changing industry landscapes and skills requirements. By investing in talent development, companies can cultivate a workforce that is skilled, adaptable, and aligned with organizational goals. Additionally, effective sourcing strategies enable organizations to identify and recruit individuals who not only possess the necessary skills but also fit well within the company culture. This holistic approach ensures a robust pipeline of talent and maximizes employee engagement and retention.

In contrast, while increasing workforce diversity plays an important role in modern talent management practices, it is often part of a broader strategy that includes development and sourcing. The options regarding reducing the size of HR departments and outsourcing all HR functions reflect outdated practices that do not align with the current focus on investing in in-house capabilities and maintaining a proactive HR function that nurtures talent internally.