A STUDY OF TALENT MANAGEMENT STRATEGIES IN INFORMATION TECHNOLOGY INDUSTRY AT BANGALORE CITY

"Talent Management" has become one of the most significant buzzwords in Corporate HR and Training today. Talent Management is an excursion from Personnel to Strategic HR to Talent Management. To realize why Talent Management has become so important needs the need to gaze at the evolution of business HR: It was identified that majority of the employee quit the job, happens in first six months period after joining the organization. It causes serious problem and very high expenses for the organization, especially in IT industries. The Team leaders/Head and Managers are directly responsible for this turnover. To overcome this problem first the Team leaders/Head and Managers should be capable of handling Talent Management Competencies effectively, which in turn develop the organization commitment and job satisfaction which will reduce the turnover intentions. Thus an attempt is made to study about the Team Leaders/ Head and Managers Talent Management Competencies level. The organizations considered for the study are large IT companies. In order to remain market leaders in the field, their employees need to be competent to cope with continual specialized technological updates and rapidly increasing customer base. Due to the organization’s heightened awareness of the limited availability of experienced talented employees, an integrated Talent Management process has been introduced. The intention within this organization is for the managers to understand the impact of such a strategy and to take accountability for their involvement in the process. The universe of the study constitutes to leading and large IT companies in Bangalore. Top 5 IT Companies that adopted talent management practices were considered as the population of the study.