A Meta Analysis on the need for Talent Management in the current Scenario.

Mrs.R.V.Dhanalakshmi; Dr.K.Balanaga Gurunathan

Volume : VII, Issue : II, February - 2018

A Meta Analysis on the need for Talent Management in the current Scenario.

Mrs. R. V. Dhanalakshmi, Dr. K. Balanaga Gurunathan

Abstract :

Competition and the lack of availability of highly talented and skilled employees make finding and retaining talented employees major priorities for organizations (Fegley, 2006). Talent has become the key differentiator for human capital management and for leveraging competitive advantage. Talent is a scarce resource which keeps one apart and help the management to identify the key employees of the organization. Amongst all the available resources, human resource is of prime importance and plays a vital role in the organization success. "Talent Management implies recognizing person‘s inherent skills, traits, and personality offering him a matching job." While there are no magic formulae to manage talent, the trick is to locate it and correct ill talent for the benefit of both the organization and the employees. Talent management systems and processes need to be integrated into the total HRM system of the organization. Traditional roles of HRM such as recruitment, training, performance management and compensation need to be aligned to support the achievement of talent management goals such as talent turnover, employee engagement, succession pipeline ratios, etc. The present paper aims at inging out the importance of Talent Management. It also highlights the fact that Organizations need to identify the areas of Talent Management for better Organizational results.