Volume : III, Issue : VIII, August - 2013

Managing Talent Exodus in the Chemical Industry of Valsad District

Dr Keyurkumar M Nayak

Abstract :

Talent management is a dynamic, ongoing process of systematically identifying, assessing, and developing talent for future critical roles to ensure continuity and effective organizational performance. A talent management program ensures that people remain in the organization as it provides them opportunities to advance and grow. The study aimed to know the opinion of the HR Managers of the Chemical Companies located in Valsad District region. Hence, the research design of the study is descriptive in nature. The respondents were selected from entire Valsad District (the universe) who was in the manufacturing of various chemical products. The selected sample is comprised of different areas of the universe. Important among them were Sarigam, Vapi, and Atul in Valsad District. The selection of respondent was based on convenient sampling. Proper care had been taken so that the selected sample come from the different geographical area of the universe and hence represent the main talent management activities carried out by them in the universe. An attempt has been made to find out the talent management initiatives to be taken by the HR Managers in the chemical industry. There is significant difference in the retention of employees in the chemical industry before and after talent management initiatives used by the HR managers. In other words, we can say that talent development activities are crucial and necessary for employee retention in the industry. The finding of the study suggests that the managers need to better understand the signs of discontent before they lose their best and ightest people. To create a sophisticated talent management environment, organizations must: Define a clear vision for talent management, develop a roadmap for technology and process integration, Integrate and optimize processes, apply robust technology to enable processes, prepare the workforce for changes associated with the new environment. The chemical companies should show initiatives to strategically strengthen and develop the individual employer and. One of the first steps needed for example, is to launch career portal. There is need for job fairs for recruitment in chemical companies and there is great opportunity for several companies to jointly host the job fairs in several centers in the country and aoad.  

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr Keyurkumar M Nayak Managing Talent Exodus in the Chemical Industry of Valsad District Indian Journal of Applied Research, Vol.III, Issue.VIII August 2013

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