In today's dynamic and competitive business environment, challenges faced by the organizations with talent is acquiring the best talent and making appropriate strategies for retaining the best talent. Talent retention is a systematic effort by employers to create and foster an environment that encourage current employees to remain employed by having policies and practices in place that address their diverse needs. The strategy links various processes of HR like, recruitment, training and development, compensation and performance management. The HR manager today faces certain challenges in retaining his employees.
The need of having talent management is been felt by most of the IT companies in Nagpur reason since they are acquitted with the benefits related to talent management such as high productivity of employees, achievement of organizational goal, reduction in employees turnover, high level of job satisfaction etc.
IT companies in Nagpur region have adopted talent management to acquire, develop, control and retain talent due to the cost constrains associated with recruiting, training, developing and remunerating talents in the organization. Talent management is the effective way by which the software industries can perform and develop and this will be proven through the research study.
Talent Management, retention, IT companies, HR Practices
