A STUDY ON CRITICAL SUCCESS FACTORS, CHALLENGES AND OBSTACLES IN TALENT MANAGEMENT

Abstract

Talent management is the main component of human resource management in the organization. Through personnel recruiting, training, and development, the company creates plans and strategies that are best suited for the business. The purpose of this research to find what problems and barriers is effecting in the implementation of talent management and what success factor are using in the industry. Talent management is a complex and complicated field and has many significant barriers and challenges. Especially in the organizational scopes of structures, environment, behavior and management. Quantitative research conducted from 250 respondents in different banking and corporate sectors by using convenient sample technique. For the purpose of testing statistically, the research has applied Confirmatory factor analysis (CFA) to check the validity and reliability. After getting the desired results, the research used T-test and mean testing to identify the importance of items. For the purpose, SPSS, AMOS and excel software were used. After analyses of data challenges, barriers and success factors are more effecting in talent management in organization and also define the external and internal factor influence in talent management. The managers and human resource professionals define the talented human relation and make future organizational strategies and planning accordingly. The study also defines the competency, knowledge, personal experiences, interest and attributes of the employees. This research is helpful for managers and human resource professionals to identify the best fit employees with right skills for the job and to reach the desired business objectives and implement the business strategy successfully. This study has applied on particular industry like banking and corporate sectors but the result will be remarkable if the future studies will be done in textile and automotive industries of Pakistan as they are considered to be the most advanced and established industries.