TALENT MANAGEMENT AND SKILL DEVELOPMENT IN INDIAN CONTEXT
Research Scholar, Department of Commerce, VISTAS Vels University, Chennai. Email id: email@example.com
Dr. M. Chandran
Professor & Head, Department of Commerce, School of Management Studies and Commerce, VISTAS, Pallavaram, Chennai
Talent Management is a growing and widely recognized field both by the practictioners as well as by the academicians . It is one such stream which is endowed with both credibility and also shortcomings. Some of the shortcomings include lack of conceptualization and also its narrow focus only on a profit driven approach towards the Organisation. The lack of conceptualization is due to the fact that it is not customized to suit the day to day functioning of organization and thus, this research paper focuses on contextualizing talent management by taking into account the possible actors within the Organisation. Additionally, having better-context bound TM research will help to better understand its applications. It is also worthy to mention that its implementation is not a one time act but a continous process. The researcher found that many of the earlier studies focused only on what this practice can actually do to the Organisation . Whereas talent management is not result oriented but process oriented. Focusing only on the outcome, the component of skill development which was a critical component of the process was ignored and thus paving way for the researcher to shed light on the skill component. Yet, when it comes to the ultimate goal of talent management practices or programs implemented by the company is not only to identify , attract and develop right talent but also to provide a circumstantial insight to predict the behavior of employees at times of talent management interventions. Kaur (2013) stated that global organizations or multinationals find it difficult to manage their talent as compared to the local or national companies. Thus, the researcher has focused more on Talent Management with specific thrust on Skill development amidst the ecosystem in which it is operating to enhance productivity and also to provide a customized approach which is the main aim of this study.
Keywords : Talent acquisition, Management, Skill Development, Indian Context, Strategic plans