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The paper aims at understanding the Talent Management Practices followed in IT Industry and how it influences job performance of Employees with special reference in Chennai City, Tamilnadu. Human capital plays a very important role and hence the present study aims at apply the talent management practice and measure the job performance of them. The study also attempts to analyze various factors contributing to job performance. A well -- structured questionnaire measures the responses and majority of the respondents are star performers. The Questionnaire has been validated to examine the relationship between various factors. The results elucidate that providing good working condition to employees, giving full autonomy to employees, encouraging employees to participate in discussions, arranging need based trainings to employees, giving the rewards and good recognition for employees, adopting fair and effective performance appraisal method for employees and providing feedback to employees on their performance are main talent management practices adopted by Information Technology (IT)sector. Significant difference is there among talent management practices in IT sector and socio-economic profile of employees. Performance of employees is positively, moderately and significantly related with talent management practices in IT sector, Therefore, IT companies should give adequate salary and perks to employees and they must have flexible working hours for employees. Besides, IT companies should give due respect to emotions and feelings of employees.. [ABSTRACT FROM AUTHOR]