Author:
Chidera Victoria Ibeh, Akinola Elumakin Elufioye, Sunday Tubokirifuruar Tula, Ganiyu Bolawale Omotoye, Andrew Ifesinachi Daraojimba

Doi: 10.26480/mjhrm.01.2024.50.56

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Global Talent Management (GTM) has emerged as a critical component of strategic Human Resources (HR) practices within corporations worldwide. This paper delves into a comprehensive review of best practices and innovations in GTM, shedding light on the strategic dimensions that organizations must consider to attract, develop, and retain top-tier talent in an increasingly interconnected global business landscape. The globalization of markets and the advent of digital technologies have intensified competition for skilled professionals, making the effective management of talent a paramount concern for corporations. This review explores how organizations are adopting innovative approaches to GTM to align their human capital with overarching business objectives. The analysis encompasses recruitment strategies, talent development programs, and retention initiatives that transcend geographical boundaries, acknowledging the diverse needs and expectations of a global workforce. The integration of technology, particularly artificial intelligence and data analytics emerges as a pivotal trend in optimizing GTM. Leveraging these tools enables corporations to identify talent pools, predict future skill requirements, and personalize learning and development programs for employees across different regions. Additionally, the review highlights the role of cross-cultural competency and diversity and inclusion initiatives in fostering a collaborative and inclusive global work environment. Furthermore, the paper emphasizes the importance of agility in GTM strategies, considering the dynamic nature of global markets and the rapid evolution of skills. Organizations are encouraged to continuously assess and adapt their talent management practices to address emerging trends and challenges. This strategic HR review encapsulates the evolving landscape of Global Talent Management, providing insights into best practices and innovations that empower corporations to navigate the complexities of the global talent pool. It serves as a valuable resource for HR professionals and organizational leaders seeking to enhance their competitive advantage through the effective management of human capital on a global scale.