Companies have always spoken about people being their top asset, yet few actually believed in such rhetoric. Now talent management has been identified as one of the top business drivers. The fight to get the best of talent and train them to perform at even higher levels has taken on a different dimension. The CHRO or Chief Human Resources Officer was seen as a partner to the business, but is now someone who is literally running it. For any successful business, buying the right assets is the first stage. But once that is done, such value has to be matched by personnel who can make best use of the same. Massive changes are taking place on the talent front due to use of technology, so companies will need to scale up at similar pace.

Source:http://www.mckinsey.com/global-themes/leadership/using-talent-management-to-create-value