Effectiveness of Talent Management Strategies: Evidence from Indian IT Sector
Keywords:
Talent Management, Employee Engagement, Attrition, IT sector, Supervision, InnovationAbstract
The current study is aimed to explore the role of talent management practices in Indian IT sector. Of late the companies have realised that talented employees play a crucial role for the success of the organization. Therefore to attract and retain key talents, the organisations have earmarked resources on talent-related initiatives. Further, the firms are engaged in very crucial HR practices like recruitment & selection, training & development, skill building exercise of employees to accomplish the overall goals of the organisation. Therefore the current study entitled “Effectiveness of talent management strategies:evidence from Indian IT sector” has been undertaken to understand the key drivers of employees intention to stay in the current organisation based on the talent management strategies practiced by the Indian IT companies. In order to realise the stated objectives the researchers have prepared a structured questionnaire and administered on 250 respondents. In the next phase, a robust multiple regression model has been run to identify the major determinants of intention to stay in the organization. In the current study, we found a significant relationship between the independent variables Open Climate and Innovation (X1), Career Development Path (X2), Quality of Working Environment (X4) and Job needs (X5) and Intention to stay in the Organization (DV). Further, it is recommended that the firms should focus on acquiring & developing talent by engaging them according to their competencies & fulfilling their psychological and social needs which ultimately results in talent retention.
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