'Talent' is now a catch all term

"Bureaucracy is a construction designed to maximise the distance between a decision-maker and the risk of the decision."

Nicholas Taleb

In most organisations 'Talent' and its 'Management' are now bureaucratic terms. They typically cover one or more of the following:

'Talent':

A more socially acceptable word for 'employees'.

An employee defined by leaders as of more value to the organisation than other employees, based on the definitions of 'valuable' that leaders have decided to use.

'Talent Management':

Acknowledgement of an employees' potential (although not currently being fully realised).

Encouraging people to join the organisation (recruitment) - new people that leaders think will do the things that need to be done in the way leaders want them done.

Reassigning existing employees to new roles (internal job moves) - to do the things that leaders need to be done in the way leaders want them done.

Grouping employees against the definitions of 'performance' that leaders have decided to use. ('Performance Management').

Grouping employees against the definitions of 'potential' that leaders have decided to use. ('Succession Planning').

Defining and developing 'learning solutions' based on the definition of 'learning' that leaders have decided to use. ('Learning and Development').

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