Talent management: Success Mantra for Small and Medium sized Enterprises

Abstract

Talent Management is the concept that i.e. managing the talent, ability, core capabilities of the employees in the organization that will be the competitive advantage. The concept is not constrained to recruiting the right candidate at the right time but it extends to extraordinary qualities of your employees and developing and cultivating them to get the desired results. Recruiting the best talent from the industry may be a big concern for the organizations today but retaining them is the big task in front of the managers. According to the culture of the organization and getting the best out of them is a much bigger concern. The paper focus on the importance of talent management and its effect on the industry in this competitive world. This paper uses the both primary data and secondary data. The primary data is collected from managers, employees of the organization. The well structured questionnaire is formulated and by interview method the data is collected and secondary data is collected from some publication, journals, books etc. The convenient sampling technique is used in the study. The stastical tools for the analysis are used i.e. percentage method, Garrett Ranking method with sample size of 60 respondents. In the research the findings we got are that the talent management is most important concept to be studied and most of the respondents think that there should be wellness program to be conducted in any organization.

Keywords: core capability, talent management, retaining talent, competitive advantage.