A company-specific talent management system enables the optimal identification, deployment, and precise filling of positions with the right competencies. The book presents the three pillars of talent management: strategy, corporate culture, and human resource practices. It showcases current and proven techniques, addresses potential implementation issues, and offers tips and solutions for the introduction and execution of a talent management system, especially for small and medium-sized enterprises. In the new edition, it has been thoroughly revised and supplemented with the following current topics: coaching at the moment, mindfulness, specific measures along the competency model in employee development, and the significance of social media for recruiting.