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In the article it is justified, that one of the options to solve the problem of increase of a labor migration trend of young population of a small mono-city or of a highly specialized city is integration of a talent management concept into a management system of its basic industrial enterprise. The body of evidence for this justification was composed by the results of the research of essence of notion 'talent' and its management features, as well as conclusions obtained in the course of survey of pupils of eleventh grades of schools in Nizhny Tagil, as well as of students of technical schools and universities of this city. The following provisions have been determined as specific recommendations to reduce the migration outflow of young people: the concept of talent management at an industrial enterprise has not only corporate, but also territorial effectiveness in solving the socio-demographic problems of the city; it is necessary to minimize not so much labor as educational migration of the young population, since it has a transformational nature and a stable form of appearance; talent management programs shall be adapted to conditions of functioning of highly specialized cities. © Published under licence by IOP Publishing Ltd.