A Systematic Review of Literature on the Strategies of Talented Employee's Attraction, Retention and Management

Today, organizations face numerous challenges in the discipline of talent management. Human resource management is influenced by a variety of factors, among which generational typologies within organizations are particularly significant. Since employees from different generations are born during distinct time periods, they possess unique personalities, perspectives, and values, which can create fundamental challenges to the organizations. Talent management’s main function is to ensure the talents and special skills of the employees have been identified and encouraged. Employees have to be deputed in the right place with the right responsibilities as per their individual talents’ suitability. Bringing the right people at the right time and developing their skills and capabilities to achieve the organizational goals is the strategy behind the concept of talent management. Most of the multi-national companies across the globe are giving top priority to the discipline of talent management. Bringing in and developing skilled workers is one of the most crucial parts of talent management. (Pruis, 2011). Talent management (TM) is a strategic procedure pointed to attract, identify, develop, motivate and retain the most qualified and talented employees of the organization. This method surpasses conventional HR functions by centering on recognizing, nurturing, and promoting outstanding talent within the business. (McDonnel et al., 2011). During the current scenario, hiring and retaining the talented personnel is becoming more challenging due to the worldwide job market opportunities. Employees of the organizations have to be considered as the most valuable resources and capital. Their contribution is really worthwhile to retain the market share among the competitors (Héder et al., 2018). An employee's everlasting commitment towards their employer could be raised through the precautions implemented by the employer towards talent retention. While previously overlooked, retention has become a priority in the post-pandemic job market (Gallup’ 2022).