Based on the study of progressive foreign experience the innovative model of talent management in higher education institution is developed in the article, which includes task, conceptual, content, procedural, and evaluative components. The essence of the concept “talent management” in foreign scientific and educational discourse is revealed. The conceptual component contains the original provisions relating to talent management as innovative activities of higher education institutions, namely: methodological approaches, general and specific principles of staff management. In the framework of the content component the content of the talent management process at the university is disclosed, which covers the blocks-directions oriented at the formation of professional, personal and behavioral components of leadership in pedagogical personnel of higher educational establishments. The procedural component of the model provides a mapping of the systemic nature of talent management process in higher education institution. In the frames of the procedural component the stages of talent management process, which effectiveness depends on a number of organizational and pedagogical conditions, are identified, including: creating in the higher education institution the environment, which is favorable for professional development of all staff; forming organizational culture of the university; developing clear and transparent strategies to retain and encourage talent at the higher education institution. Evaluative component allows to define criteria and indicators and to determine the results of the talent management process in the higher education institution. The progressive conceptual ideas of foreign experience that can be used in the practice of Ukrainian universities are defined, namely: creation of human resources departments at every Ukrainian university; development of human resources management policies, which must include strategies for talent management; creation and implementation of programs for talent management/professional development aimed at training highly skilled workers of different levels.