Talent Management in IT Sector

Abstract

It is important to identify the staff or employees (people and positions) that are critical to the organization. They do not necessarily have to be senior staff members. Many organizations lost a lot of "organizational knowledge" in the downsizing exercises few years ago. The impact of the loss was not immediately apparent. However, it did not take long for many companies to realize their mistake when they did not have people with the knowledge and skills to either anticipate or solve problems that arose. The skill shortages and the ageing population are also helping organizations to focus on the talent management issue. It may not be possible to simply go out and recruit new people to meet operational needs. Many leading companies have decided to develop their own people, rather than trying to hire fully skilled workers. Every organization should be implementing talent management principles and approaches. The research mainly focused on 2 objectives. First is to compare the talent management process at TCS, INFOSYS and HCL. Second was to benchmark talent management practices to suit the present generation of employee. There are 3 main broad parameters attraction, retention and re-employment. The score on these three parameters were studied