Talentmanagement has become a buzz word in today’s corporate HR agenda. In anorganization every individual is important as they contribute towards achievingthe business goals through their talent.
Every organization requires the besttalent to survive and remain ahead in competition. Talent is the most importantfactor that drives an organization and takes it to a higher level. Talentcontributes a great to the performance of the organization and its managementhas direct impact on organizational excellence, and therefore, cannot becompromised at all. Talent managementwithin the organizations is a human resource strategy that seeks to identify,develop, reward, and retain talented and potential employees. Talent managementincludes a series of integrated systems recruiting, performance management, maximizing employee potential, managing their strengths and developing ,retaining people with desired skills and aptitude .theneed of talent management is to compete effectively in acomplex and dynamic environment to achieve sustainable growth, to develop leaders for tomorrow from within anorganization ,tomaximize employee performance asa uniquesource of competitive advantage ,toempower employees by cut down on high turnover rates and by reducing the cost of constantly hiring new people .The purpose of this paper is to examine the role of talent, talent managementstrategies and its impact on performance of employees as well as on organizationalexcellence.
By reviewing the qualitative and quantitative research papers thestudy has been conducted. This study empirically examines the extent to whichTalent Management, Performance, Work Life Balance and Organizationaleffectiveness are correlated and its impact on organizational excellence. Theproposed model and theory have been tested by taking BPO industry and Retailindustry.
Keywords: Talent Management, Talent Management Strategies,Work Life Balance, Performance, Organizational excellence