Online published on 27 February, 2017.
The term “war for talent” is now commonly used to reflect the changing nature of the employment relationship and the shortage of talent in the workplace. In an increasingly talent-dependent world, forward thinking organizations understand the strategic importance of talent and view talent management as a critical organizational capability. Today, the business scenario is seen to be unremittingly changing. Human resource is playing its role as a strategic partner instead of supporting administrative tasks in the organizations because greatest assets of the organization are its people.
People though belong to diverse backgrounds therefore possess diverse talents. So, this is an organization‘s responsibility to effectively manage the talent of its workforce to succeed in a highly competitive marketplace. Despite a significant degree of academic and practitioner interest the topic of talent management remains under developed. A key limitation is the fact that talent management lacks a consistent definition and clear conceptual boundaries. The specific contribution of the current paper is in developing a clear and concise definition of talent management.
Strategic, Workforce, Talent, Talent Management, Organizational Success