Talent Management by Capacity Development of the Employees

The changing trends have clearly indicated that the transformation of management from regular routine recruitment process to focus towards intangible capital management. In knowledge oriented society human capital is a strategic resource in attainment of competitive advantage. Talent Management by capacity development of the employees is striking for numerous reasons as it is the best remedy to achieve the entire organizational goal with few employees who are the key players and best performers. The workforce development is necessary for upcoming challenges like again economy being hit by recession, Talent Management by capacity development of the employees makes it more enhanced wherein the worker’s potential grows manifold.Capacity development is a process of change and it is about managing transformations. People's capacities and institutional capacity and a society’s capacity change over time. My research basically focuses on the capacity development of the employee’s aspect by observational research method. Talent management is basically constituent of five elements such as attracting, selecting, engaging, developing and retaining employees and it is generally concerned with identifying the talent gaps, succession planning, retaining talented employees by variety of initiatives as well as implementing different strategies.