Abstract

In the corporate world, talent management is the buzzword for retaining key employees. It has emerged as one of the most pressing concerns for businesses. These days, almost every industry in the world is experiencing high levels of attrition. The retention of talented employees is a critical component of an organization’s more general approach to talent management, which is defined as the implementation of integrated strategies or systems designed to increase workplace productivity by developing improved processes for attracting, developing, retaining, and utilizing people with the required skills and aptitude to meet current and future business needs. According to research, talent management practices must be reviewed on a regular basis in order for a company to capitalize on its talented employees, find the best fit, and expand into new markets. As a result, management should identify and review the factors that influence talent management in the organization on a regular basis. The goal of this paper is to identify the various mechanisms that have an impact on talent management practices and organizational effectiveness.

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