40. Global talent management

Global talent management (GTM) is defined as, “The systematic identification of pivotal positions that differentially contribute to an organization’s sustainable competitive advantage on a global scale, the development of a talent pool of high-potential and high-performing incumbents who reflect the global scope of the MNE to fill these roles, and the development of a differentiate HR architecture to fill these roles with the best available incumbents to ensure the continued commitment to the MNE” ( ). Talent management emerged as “the most important term in the field of human resources in the early twenty-first century” ( ) and is a key priority for corporate leaders globally. This reflects the challenges that organisations have consistently faced over recent decades in attracting and retaining the skills and capabilities they require to deliver on their strategic objectives. While, owing to their scale and scope, multinational enterprises (MNEs) can potentially access more diverse employees across the globe, easing some of these tensions, wider challenges are amplified in the global context.