Abstract

In the current situation where Indian IT Companies are facing high growth trajectory, getting good talents and retaining them is increasingly becoming difficult. Talent management and tapping potential leaders’ is becoming one of the key responsibilities of HR Managers. Though leadership development has always been rated as the most important need of IT Companies, it lacks proper address by top level management. To address this gap it is pertinent for the management to know the factors that impacts the talent management and leadership development within the company.The basic emphasis of this paper is to analyze the factors influencing talent management in IT organization and also to understand the impact of talent management on overall leadership development. The study is descriptive and exploratory in nature. To identify factors influencing talent management factor analysis was used. To examine the hypothesis of the study Karl Pearson Coefficient correlation and regression analysis was done. The findings of the study suggests that potential identification, employee retention and rewards contributes significantly in leadership development It also suggests that there is a positive relation between talent management and leadership development

Highlights

  • For gaining competitive advantage in dynamic and uncertain environment Talent management of knowledge workers is of utmost, and has strategic importance (TYMON et al, 2010; VAIMAN 2010)

  • The review of the literature identified that talent management practices are the most important and valuable means that influence leadership performance and overall leadership development in any organization

  • The research suggests that potential identification, employee retention and rewards contributes significantly in

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Summary

Introduction

For gaining competitive advantage in dynamic and uncertain environment Talent management of knowledge workers is of utmost, and has strategic importance (TYMON et al, 2010; VAIMAN 2010). According to Sears (2003), among all the innovations talent management and knowledge management have probably aroused the greatest interest and made the biggest impact on the performance of the organization. Talent management as a significant predictor of employee and business performance refers to acquisition of new workers, grooming and retaining workers in hand as well as attracting experienced and qualified persons to work for organization. McKinsey consultants phrase “the war for talent” highlight the key role of leaders and high potentials who contributed significantly in the success of the organizations (BOUDREAU; RAMSTAD, 2007; PRICEWATERHOUSECOOPERS, 2008A; SCULLION et al, 2010; MCDONNELL, 2011)

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