AN ANALYSIS OF TALENT MANAGEMENT'S IMPACT ON ORGANIZATIONAL PERFORMANCE

Abstract

Talent Management is a tactical approach to HRM that firms adopt to effectively retain employees over an extended period. Talent management is the systematic process of acquiring skilled people, equipping them with the required skills to advance in their professions, evaluating and overseeing their performance, and implementing strategies to retain them inside the firm. The main objective of this study is to examine the correlation between talent management and organizational performance, as well as propose strategies for retaining skilled individuals within the business to ensure long-term sustainability and growth of the company. A meticulously crafted questionnaire is employed to collect data from both primary and secondary sources. The sample consists of 120 individuals from different software companies situated in Bangalore city. This study utilizes the convenience sampling technique and employs statistical tools such as multiple regression analysis to examine the data. The findings of the study indicate that talent management strategies have a beneficial effect on organizational performance. To effectively retain skilled individuals, firms should prioritize learning and development programs, as well as give career advancement possibilities. These measures eventually promote organizational productivity and performance.