Professional in Human Resources (PHR) Practice Exam

Talent management is focused on attracting and retaining talent within an organization. This process involves creating a strategic approach to managing talent that aligns with the organization’s mission and goals. By focusing on attraction, organizations look for effective recruitment strategies that draw top candidates. Retention is equally crucial; it involves implementing practices like employee engagement initiatives, professional development opportunities, and compensation strategies that encourage employees to remain with the organization.

The emphasis on retaining talent includes fostering a positive work environment, supporting career advancement, and ensuring that employees feel valued. This dual focus of attracting and retaining talent is essential as it helps organizations build a skilled and committed workforce, which is vital for achieving long-term success. The other options do not capture the holistic approach talent management aims for; for instance, maximizing employee turnover is counterproductive to the goals of talent management, while developing exit strategies and monitoring productivity are more tactical rather than strategic aspects of managing an organization’s workforce effectively.