Role of Effective Talent Management in Organizational Performance and Retention: An Empirical Study

Abstract

Improved organisational performance and the retention of valuable individuals in India are directly correlated with effective talent management. The ability to draw in and keep top people is crucial for success in this broad and cutthroat industry. Employers' skills and potential must be recognised, developed, and used through talent management. As a result, there will be an increase in productivity and efficiency since the appropriate personnel will be in the appropriate roles. It also fosters a culture of ongoing education and improvement, which is essential for maintaining competitiveness. It might be difficult to hold on to talented people in a nation like India where the labour market is changing quickly.Reduce turnover rates and the related costs of recruitment and training by implementing effective talent management methods, such as providing growth opportunities, competitive pay, and a happy work environment.Additionally, people management can match personal aims with business goals, increasing dedication and engagement among staff members. Better performance, innovation, and overall success for the organisation are all impacted by this connection. Effective personnel management is essential for organisational performance and retention in India, providing a competitive advantage and long-term sustainability. A sample of 319 respondents was collected from respondents in different companies. The factors that determine the Role of Effective Talent Management in Organizational Performance and Retention are Recruitment & Selection, Performance Management, Diversity & Inclusion, and Employee Development.