Talent Management and its retention

Charu Mahajan; Kirandeep Kaur

doi:10.36948/ijfmr.2025.v07i06.63125

Talent Management and its retention

Author(s)	Ms. Charu Mahajan, Ms. Kirandeep Kaur
Country	India
Abstract	Talent Management serves as a vital component of contemporary human resource management. This paper explores the strategies and advantages of effective talent management practices, along with their impact on hiring and selection processes, performance enhancement, and career development. The paper also seeks to integrate research on talent management and examine its relationship with employee retention and organizational effectiveness. The research is grounded in an extensive review of literature centered on the concepts of talent management, technology-driven innovation strategies, employee retention planning, and value creation through supportive management. The literature review was carefully carried out by analyzing research articles published in reputed academic journals. The research provided an in-depth discussion of talent management and its associated variables. This study focuses on examining the impact of talent management strategies on employee performance and retention. The findings of the study revealed that talent management practices—such as recruitment and selection for attracting talent, coaching and mentoring for developing talent, and compensation for retaining talent—significantly enhanced employee performance. Therefore, this section of the research highlights that talent management strategies have a substantial influence on the overall performance of the organization. Employee performance and retention should be evaluated through the implementation of these talent management strategies. These strategies have a significant impact on employee retention. When employees recognize opportunities for growth and feel supported, they are less likely to seek employment elsewhere. This reduces turnover costs and ensures that the organization retains valuable skills and experience, ultimately contributing to its long-term success. The researchers conclude that organizations seeking a competitive edge over their business rivals must manage their talent with diligence and effectiveness. This paper affirms that prior research on talent management contributes to a deeper understanding of the concept and its advancement.
Keywords	Talent management, Retention strategies, Performance Improvement, Organization success, Supportive management
Field	Business Administration
Published In	Volume 7, Issue 6, November-December 2025
Published On	2025-12-13
DOI	https://doi.org/10.36948/ijfmr.2025.v07i06.63125

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Talent Management and its retention

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