Examining the role of Talent Management in organizational success and employee retention (KEY IJP************464)

• Nidhi Chaudhary

Abstract

In today's dynamic and competitive business landscape, organizations are continually seeking strategies to attain sustainable success and retain their top talent. Talent management has emerged as a crucial approach to address these challenges by strategically attracting, developing, and retaining skilled employees. This thesis investigates the intricate relationship between talent management practices, organizational success, and employee retention. Through a comprehensive analysis of existing literature, case studies, and empirical research, this study aims to elucidate the critical role played by talent management in fostering organizational success and enhancing employee retention. Talent management aims at improving the potential of employees who are seen as being able to make a valuable difference for the organization, now or in the future. In other words it deals with attracting, developing and retaining the key organizational talent. In this research, the relationship between talent management, organizational success, and employee retention is investigated among staff member. The research method is explorative cum descriptive in nature. The sample included 261 employees, which were selected randomly. Data has been collected by a researcher developed questionnaire. The results of hypothesis testing indicate that there is a significant relationship between talent management, organizational success, and employee retention. The study is significant in that it draws attention to the effects of talent management on organizational trust and employee retention in organizations. This study examines the pivotal role of Talent Management in fostering organizational success and enhancing employee retention. Talent Management is a strategic approach aimed at attracting, developing, and retaining skilled individuals who are instrumental in achieving organizational objectives. The study investigates the intricate relationship between Talent Management practices, organizational performance indicators, and employee retention factors. Through a comprehensive analysis of existing literature, empirical research, and case studies, the study elucidates how effective Talent Management contributes to driving organizational success and cultivating a supportive work environment conducive to employee engagement and retention.