Welcome you to this section. Let's see the steps to create talent management plan. These steps would help you to understand the process of talent management. Let's get started. So, the first step in creating a talent management plan is to estimate the talent requirements. These are about estimating the manpower that is required within the organization.

Next, you have to take the existing talent or the current employees within the organization. If you find someone suitable who could fill a vacant position or manager's position, then you could do promotions and transfers and utilize the talent that is available within the organization. In case you do not find someone suitable inside your own business, then The next step is to recruit the right people to study about this in the coming sections. After this, the next step is to provide training and developing and retaining the employees. You need to transform average employees into talented workforce and create leaders and retain the top performing employees. Next is to accomplish the company's objectives and goals and increase the business value.

Talent Management may be required to handle all these steps, but sometimes these responsibilities are shared by the human resource department. Some companies believe that talent management is all about developing and retaining the employees based upon the requirement of the company's this plan. Have more or less steps so that it adjusts to the company structure. But this plan here is designed to provide you a basic guideline. In the coming sections. You'll follow these steps to create a plan and perform your duties as a part of the talent management team.