1) Talent management is about developing all employees, not just a select few. It involves identifying high potential individuals and helping them advance in their careers. 2) Implementing an effective talent management program can significantly increase a company's profits. A 10-point improvement in talent management practices could add $70-160 million to a Fortune 500 company's bottom line over 2-3 years. 3) Old talent management approaches had short-term focus and minimal performance management. New approaches make it difficult to enter the program but provide support, opportunities, and recognition to help participants succeed and be retained long-term.

1. Managing talent in the 21 st century

3. The prize A 10-point increase in an average Fortune 500 company's talent quotient score will add between US$70 million and US$160 million to the firm's bottom line over the next two to three years. Hewitt Associates.

6. Who should join?

7. How to identify this? Source: Deloitte (2008)

10. What is it that’s difficult? Matt Pease and Simon Mitchell, Leaders in Transition: Stepping Up, Not Off. DDI.

12. KPIs for talent programmes Source: Deloitte (2008) Source: Deloitte (2008) Other