A STUDY ON THE IMPACT OF TALENT MANAGEMENT PRACTICES ON PERFORMANCE OF THE SELECT INDIAN ORGANIZATIONS

In the 21st century, the primary tool for managing the resources of the organization is the proper and effective talent management. It is the talent management, which can help the organization in competing in the market, other than the traditional factors which included land, capital along with other tangible assets. In the globalized and highly competitive environment, overcoming the concept of talent paradox may seem difficult but not impossible. The current requirement is of an integrated and strategic approach that can help the talent management at all stages, right from planning to outsourcing and further to training and retaining the right talent. The implementation of good talent management practices helps any organization to overcome the fear of scarcity of talent at any stage. This paper tries to find out vital talent management practices and their impact on the performance of various organizations with the help of statistical tools like correlation and regression analysis. The research is both exploratory and descriptive in nature and sample frame involves 10 organizations selected from Lucknow region, India, having sample size of 312 respondents.