A Study on Talent Management and its Impact on Organizational Performance of Pharmaceutical Industry

Abstract

Today within the era of fast industrialization all companies are trying to find some new management concepts and techniques face competition and to grow faster. So now a day’s talent management has been highly discussed by every Industry and the way organization should affect human capital and implement talent management successfully. Before few years it had been believed that talent management should be done by top management but now it's believed that it should be done at every level. As we all know talent management may be a broad concept and it are often developed by job enrichment, team building, job enlargement, team building, training, identifying talent and developing them etc. The practice to talent management differs from industry to industry. Talent management in pharmaceutical industry is very challenging. It includes attracting, hiring, assessing, developing, rewarding, retaining talents and career mapping etc. This paper aims to bring out talent management practices in pharmaceutical industry and few practices which may be adopted in several industries.