Performance and Talent: Essentials of International Talent Development

Abstract

Talent is the key ingredient for entrepreneurial success. The upsurge in global economic interaction and the looming future lack of skilled manpower render the international development of talent a paramount concern of human resources management. Many companies are currently faced with the challenge of putting in place talent development programs or to improve the structural and financial efficiency of existing programs. This demands new strategies and approaches, as dealt with in this contribution in depth.

The concrete measures, recommendations for action, and practical examples discussed in this publication may serve as a guideline to the national and international development of talents. This also includes comprehensive information on the definition of international talent development, its inclusion in the overall talent management process, and how to successfully implement these challenges in practice. The scope includes fundamental aspects of corporate culture, staff communication, and personnel management up to concrete measures in support of talent and qualification for leadership positions. The significance of corporate strategy receives particular attention. International talent development is important to the success of companies large or small. Lufthansa Technik AG and DB Mobility Logistics AG are included as examples of how international talent development may be implemented.

Apart from the promotion of the most promising, talent management also strives to create a culture of work which will motivate every employee to deliver his absolute best and optimally bring his abilities to bear. What is important is that directed personnel development should support the talents and strengths of every colleague. Targeted talent development will prove beneficial in several ways, not only increasing staff performance but also positively impacting on work satisfaction, staff motivation, and loyalty.