The holistic, integrated and goal-oriented process of planning, recruiting, selecting, developing, managing, and compensating employees is known as

The holistic, integrated, and goal-oriented process of planning, recruiting, selecting, developing, managing, and compensating employees is known as talent management.

Key Points

• Talent management is the process of attracting, selecting, training, developing, retaining, and promoting the best people in an organisation.The term came to prominence in the late 90's.
• It seeks to align people with roles (treating roles as fixed and developing people to fit these jobs) or align roles with people (creating and adapting roles to satisfy the aspirations of people).
• Talent management encompasses the comprehensive approach of attracting, developing, nurturing, and retaining talented individuals within an organization.
• It focuses on identifying and cultivating individuals with high potential and aligning their skills and capabilities with the organization's strategic goals.
  

Thus, the correct answer is Talent Management.

Additional InformationStrategic human resource management refers to the process of developing practises, programs, and policies that help to achieve organisational goals. It is fully integrated with the strategy and the strategic needs of the firm.

Human Resource Management is a management function that helps managers plan, recruit, select, train, develop, remunerate, and maintain employees for an organisation. It is the latest nomenclature used to denote personnel management. Human Resource Management is a broad concept.

Human Resource Planning refers to the estimation of the number and type of people needed during the period. It is a five-step process:

1. Defining organisational objectives and policies
2. Forecast of personnel needs and supplies
3. HR programming
4. Human Resource Planning Implementation
5. Control and evaluation of programs.