Nurturing Talent – To Create a Sustainable Advantage

Abstract

“If you have got it, keep it”, is the focus of all Employers in terms of its talented workforce. One of the most important strengths
of an organization lies in the quality of the workforce it has and how well it’s being managed. Apart from making a right decision in
choosing the right person for the right job, the continuing presence of these capable persons in the Organization is as much necessary.
Acquiring the right talent can be a tough job and retaining them can at times be tougher. It’s for this purpose that the concept of Talent
management has been gaining importance over the years. How the HR function has evolved over the years, what is the process of talent
management, what are the challenges facing talent management and how various strategies can be put into use to overcome these
challenges have been analyzed here. “People” being considered the most important resource to an organization is one of the most
important factors which helps the organization have a sustainable competitive advantage over its competitors, hence the study of Talent
management as a process is imperative. This paper tries to identify the need to manage talent in organizations and lists certain
strategies that can create a sustainable competitive advantage by nurturing talent.