Talent Management and Its Role in Organisational Growth and Profits: A Quantitative Study

Abstract

In the contemporary business arena, firms have come to realise that their best interest and
benefit lies within their talented workforce. Talent management (TM), the strategic method of
attracting, growing, holding as well as optimizing employees, has emerged as a critical driver
of organizational growth and profitability. This research aims to explore the concept of TM
and its pivotal role in enhancing an organization's development and financial success. There
is a need to explore how talent management enhances productivity and operational efficiency
by ensuring the correct people are assigned to roles in terms of their knowledge, utilizing
their skills and expertise to their fullest potential. It emphasizes the fact that there is a need to
align the strengths of an individual with organizational aims and fostering an environment of
constant learning and development. By strategically managing their human capital,
organizations can optimize employee potential, foster innovation, improve engagement and
retention, and achieve a sustainable competitive advantage. By recognizing talent as a
strategic asset, organizations can unlock the entire potential of the workforce and align
themselves for profits in today's dynamic capitalist culture.