ACCA Strategic Business Leader (SBL) Practice Exam

What is the primary goal of talent management in an organization?

1. To enhance workplace productivity

2. To develop marketing strategies

3. To streamline financial processes

4. To ensure regulatory compliance

The correct answer is: To enhance workplace productivity

The primary goal of talent management in an organization is to enhance workplace productivity. Talent management encompasses various strategies and practices aimed at attracting, developing, and retaining employees to optimize their performance aligned with the organization’s objectives. By effectively managing talent, organizations can ensure that employees have the right skills, are engaged in their work, and are aligned with the company's mission and vision. This leads to improved overall productivity, higher employee morale, and lower turnover rates, all of which contribute positively to the organization’s success. Focusing on developing marketing strategies, streamlining financial processes, or ensuring regulatory compliance, while important in their contexts, does not capture the essence of talent management, which is inherently about people and their performance in the workplace. Talent management aligns human resources initiatives with business goals, ultimately driving productivity and organizational effectiveness.