The four areas or pillars of talent management are recruitment, performance management, retention, and learning. Here's taking a slightly deeper look into each of the pillars mentioned here:
Under recruitment, organizations work to attract talented people for new openings; the goal is to bring in the right set of skills for the job
Performance management focuses on the way in which the HR measures the performance of employees across their lifecycle; this includes performance reviews, one-on-one meetings, rewards and recognition programs
Learning and development as a pillar includes everything starting from the training during onboarding to how an employee continues to upskill or reskill during the lifecycle. This allows employees to develop critical skills that help them meet performance goals and also progress in their career path
Retention is focused on keeping the high performing talent at the organization engaged and involved through efforts like surveys to understand changing needs