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HR Glossary

HR terms frequently used by HR professionals.

Talent marketplace 

What is a talent marketplace?

It is an internal system within an organization focused on developing talent to match the future needs of the job.

What are talent marketplace platforms?

Talent marketplace platforms allow organizations to view the entire workforce within. This helps with internal career and job mobility for employees available in the organization.

How does the internal talent marketplace help with recruitment?

HR leaders use the talent marketplace to get visibility into which talents are available in the corporation, address skill gaps, and identify strategies to cultivate their employees for the future.

Internal talent is more likely to be a better cultural fit since they already have an inside connection to the corporate culture and know how things function and what is expected of them. In addition, this may shorten the time it takes to identify new applicants since they already have a knowledge foundation that will allow you to make recruiting choices more quickly.

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