(upbeat music) These lessons will elaborate on the connection between human resources and talent management. You will learn various recruitment, selection, engagement, and retention practices. We will also discuss the similarities and differences between onboarding and inboarding. You will gain a better understanding of succession planning, learning and development, and career pathing. Partnership between HR and management. Human resources are an essential component of any well-developed business strategy. Developing new hires into well-trained and motivated employees can be key to reaching organizational goals. HR management brings people and their organization together, making it possible to succeed. In terms of business longevity, it's vital to have a healthy relationship between management and employees. An HR business strategy assists with human capital development. Human capital development includes assets such as employee training programs, skill enhancing courses, and other tools for continued education. These assets may increase your organization's value. You can improve the quality of your human capital by investing in your employees, which can increase productivity and business profitability. Communication is a key component of building an effective strategy with HR. Your employees can be viewed as business partners, because their productivity contributes directly to your success. Leaders and managers can communicate any targets, objectives, and action plans so everyone is on the same page. HR is typically responsible for communicating employee-related concerns or issues with these expectations to managers. A manager can then approach an employee to help or implement corrective action. Your HR team can work with you to establish employee training protocol, key performance indicators, and employee benefits. They can recommend solutions for training and development and help you adopt new business goals or objectives. This is how HR plays a significant role in successful change management. For instance, if your company incorporated new software, HR could survey your employees on how well it's received. Based on the feedback, HR could create further training that may help employees adapt to the change. HR can also help reduce business costs and increase profits. Most HR departments are responsible for identifying saving opportunities. This can be done by implementing better talent recruitment strategies or more efficient processes in the workplace.