Talent Management: Conceptual Approaches and Practical Challenges

Posted: 25 Mar 2014

See all articles by Peter Cappelli

Peter Cappelli

University of Pennsylvania Wharton School - Center for Human Resources; National Bureau of Economic Research (NBER); University of Pennsylvania - Management Department

JR Keller

University of Pennsylvania

Date Written: March 2014

Abstract

The challenges associated with managing talent in modern labor markets are a constant source of discussion among academics and practitioners, but the literature on the subject is sparse and has grown somewhat haphazardly. We provide an overview of the literature on talent management - a body of work that spans multiple disciplines - as well as a clear statement as to what defines talent management. The new themes in contemporary talent management focus on (a) the challenge of open labor markets, including issues of retention as well as the general challenge of managing uncertainty, (b) new models for moving employees across jobs within the same organization, and (c) strategic jobs for which investments in talent likely show the greatest return. We review the conceptual and practical literature on these topics, outline the evolution of talent management over time, and present new topics for future research.

Suggested Citation

Cappelli, Peter and Keller, JR, Talent Management: Conceptual Approaches and Practical Challenges (March 2014). Annual Review of Organizational Psychology & Organizational Behavior, Vol. 1, Issue 1, pp. 305-331, 2014. Available at SSRN: https://ssrn.com/abstract=2414451 or http://dx.doi.org/10.1146/annurev-orgpsych-031413-091314

Peter Cappelli (Contact Author)

University of Pennsylvania Wharton School - Center for Human Resources ( email )

3733 Spruce Street, Vance Hall
Philadelphia, PA 19104-6358
United States

HOME PAGE: http://www.wharton.upenn.edu/faculty/cappelli.html

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

University of Pennsylvania - Management Department ( email )

The Wharton School
Philadelphia, PA 19104-6370
United States

JR Keller

University of Pennsylvania ( email )

Philadelphia, PA 19104
United States

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