Which of the following best describes the talent inventory?

The talent inventory is a systematic approach that documents and analyzes the skills, experiences, and qualifications of employees within an organization. By maintaining a detailed record of the workforce's capabilities, organizations can effectively manage talent, identify gaps in skills, and plan for future workforce needs. This inventory serves as a critical tool in strategic human resource planning, enabling leadership to make informed decisions regarding promotions, succession planning, and development opportunities.

In contrast, a comprehensive employee handbook focuses on policies and procedures rather than individual skills. Company financial projections relate to the financial planning and analysis aspects of the organization, which do not pertain to talent management. Job descriptions provide information about specific roles within the organization, but they do not encompass the broader perspective of employees’ overall skills and experiences that the talent inventory captures. Thus, the correct answer highlights the true purpose and function of a talent inventory in the context of human capital management.