“Talent management practices in it sector: An analytical study of Bangalore based companies”

In a competitive marketplace, talent management is a primary driver for organizational success. Broadly defined, talent management is the implementation of integrated strategies or systems designed to increase workplace productivity by developing improve processes for attracting, developing, retaining and utilizing people with the required skills and aptitude to meet current and future business needs. A survey of nearly 33, 000 employers in 23 countries reveals that 40% are struggling to locate qualified candidates. With the liberation of trade policies, transactional companies moving production to low-cost areas and the corresponding growth of global supply chains, increased globalization has resulted in socio-economic and cultural challenges. Further, talent now takes many forms, from migrants crossing borders (temporarily or seeking new homes), students gaining degrees and expatriates on assignment to tourists, refugees and business travelers. Thus, the need for talent creates movement between countries. Managing global talent has challenges and significant implications for sustainability and growth. Researcher has made an attempt to overview the Talent management practices adopted by the 10 IT companies based in Bengaluru constituting a sample of 200 employees. The statistical tools including ANOVA and Multiple Regressions have been used to analyze the data to draw the statistical inferences.