Which element of a talent management system focuses on maintaining records of employees?

The element of a talent management system that focuses on maintaining records of employees is the Internal Talent Registry. This system serves as a comprehensive database that tracks various aspects of employee information, including skills, qualifications, performance evaluations, career aspirations, and progression within the organization.

Having a well-organized Internal Talent Registry is essential because it allows organizations to have a clear overview of their human capital. This clarity supports effective decision-making in areas such as promotions, skill development, and succession planning. By maintaining accurate and up-to-date records, organizations can easily identify high-potential employees and align their professional development with the organization's strategic goals.

The other elements listed do not primarily focus on maintaining records of employees but serve different functions. Talent Teams are typically responsible for managing employee engagement and development initiatives, the Talent Pipeline refers to the process of preparing candidates for future roles within the organization, and the Talent Budgeting System revolves around financial planning for talent management needs, rather than record-keeping.