TALENT MANAGEMENT – A STUDY ON INDIAN IT SECTOR

Talent – a long used term in many Human resource departments of most companies, is a<br>scarce resource, which needs to be managed effectively. McKinsey in their 1997 study coined the<br>expression “War for talent”. Since then throughout literature different interpretations have been<br>identified for talent management. There are various aspects and steps to follow talent management from<br>planning, acquiring, developing, managing and retaining talent. With the growth of Information<br>Technology (IT) industry in India in the past two decades, the number of employees joining this sector<br>has increased manifold. Thus, there is a need to understand as to how the talent in this sector is effectively<br>managed and what are the perceptions of the employees in the IT sector with the related dimensions of<br>talent management, which can be broadly classified as employee engagement, retaining talent, training<br>&amp; development, rewards &amp; recognition and succession planning.