‘What Drives Talent Management in Organisations and How Does it Benefit Them?’ : A Literature Review Perspective

The importance of talented employees in the organisation has enhanced tremendously over past decades. Organisations seek out various strategies to manage and retain their talents and talent management figured out as prominent one in recent times. Despite the overwhelming attention received in the discussions, the academic works in the area of talent management are limited. In order to provide a better understanding of the necessity of talent management in organisations from an academic perspective, the present article extensively reviews the available literature on talent management and portrays the major driving forces and benefits of talent management. Changes in business environment, the demand-Supply gap of talented employees and changes in employees‟ attitude were figured out as major forces that makes managing talent important for organisations. The benefits of talent management are delineated at the employee level and organisational level outcomes. The article further discusses the future implications for researchers in the area of talent management