Talent Management in Organizational Landscape: A Systematic Review of Literature

Abstract

Purpose:  This paper gives a synthesis of the literature on management of talent in the current organizations. Talent identification, development, and retention throughout the employee life cycle has grown more and more relevant with evolving global competition as human capital continues to emerge as a core cause of sustainable advantage. The purpose of this review is to bring together the current theoretical and empirical knowledge to come up with a subtle idea on the strategies of talent management and their strategic applicability in changing organizational contexts.

Design/Methodology/Approach: The research adopts the qualitative literature review strategy and incorporates academic input of various organizational settings to investigate the theoretical premises, the fundamental dimensions and the situational determinants of talent management. The review is systematic, which examines previous studies to determine important themes, conceptual differences, and interconnections between organizational culture, leadership behaviors and human resource systems, which influence the efficacy of talent management. Findings The results show that companies with the holistic and strategically-focused approach to talent management show the higher levels of employee engagement, better performance results, and competitive advantage. Besides, the review emphasizes the significance of flexible talent management systems to address dynamic business environments. The present review is useful in developing theoretical knowledge because it incorporates the various scattered views into a logical conceptual system. It can also provide practical experience to organization leaders and human resource professionals that aim to develop comprehensive talent management systems that are in line with the long-term strategic goals. Lastly, the research establishes the future research directions that can be seen in the investigation of the new talent paradigm and research on the effectiveness of talent management in highly dynamic organizational environment. Keywords: Talent Management, Human resource practices, organization strategy, employee life cycle, competitive advantage.