Talent Management Approach

Abstract

Talent in the workforce refers to people who have high potential, essential knowledge, skill, and who can successfully lead transformation and change within the organization. As talent is crucial in determining the success of an organization, much emphasis is placed on its management. Talent Management encompasses the application of best practices in the identification, cultivation, recruitment, and retention of a qualified, effective workforce. This case study tests the presence of any talent management approach and its contribution to attracting and retaining talented employees. As far as Loadstar is concerned, when Complying with the definition used in this study, Loadstar has its own talent management practices. Incidentally, there is no specific officer as a talent manager to manage the aforesaid talent. However, the company practices all the principles of talent management as a whole. They have only to conceptualize it into the framework of the company methodology and initiate it as a separate function