Abstract

In the contemporary business arena, firms have come to realise that their best interest and benefit lies within their talented workforce. Talent management (TM), the strategic method of attracting, growing, holding as well as optimizing employees, has emerged as a critical driver of organizational growth and profitability. This research aims to explore the concept of TM and its pivotal role in enhancing an organization's development and financial success. There is a need to explore how talent management enhances productivity and operational efficiency by ensuring the correct people are assigned to roles in terms of their knowledge, utilizing their skills and expertise to their fullest potential. It emphasizes the fact that there is a need to align the strengths of an individual with organizational aims and fostering an environment of constant learning and development. By strategically managing their human capital, organizations can optimize employee potential, foster innovation, improve engagement and retention, and achieve a sustainable competitive advantage. By recognizing talent as a strategic asset, organizations can unlock the entire potential of the workforce and align themselves for profits in today's dynamic capitalist culture.

Description