Is talent management important in an economic downturn?

Excerpt: "Talent management allows businesses to attract, develop and retain the right people. In an economic downturn talent management has become increasingly important; nevertheless, it can also quickly become a lower priority in the minds of some businesses that are faced with pressures to cut costs and do more with less. However, with the Chartered Institute of Personnel and Development (CIPD) predicting a further half a million UK jobs will be axed next year, the reality of today’s economic situation means that recruiting, keeping and motivating the best employees has never been more crucial."

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