Talent: The Importance Of Talent In An Organization

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Talent may be defined as the inherent ability of an individual to do a particular task in particular way. (Sinha, Vol 8, Issue 1, Feb 2008). Talent is something valuable and rare to imitate. Talent ia any inbuilt capacity that enables an individual to display high performance that require special skills & training (Simonton, 1999, p.436). There is no single definition of talent.On one hand it is viewed as powerful and innate component (Echols, 2007) On the other hand , it is believed that factors of Working Environment cause talent to emerge (Barab and Plucker 2002) Talent Retention refers to various practices of the Organisation which lead to employees stick to Organisation for long. Every Organisation invest cost in terms of time, money, training to make them appropriate for the working of the Organisation.The Organisation face agreat loss when employees leave the job after becoming suitable to the Organisation. Employee Retention is a systematic effort by the employers which lead to create a favourable environment for the employees to work which in turn encourages them to remain with the Organisation. Retention of employees is significant to the long term success of the Organisation. Retaining the talented staff ensures satisfaction to students (in the case of Academics) to the students and satisfied colleagues. Failing to retain talented staff is a costly aspect for every Organisation. Smart Employers always realize the importance of talent retention and so make efforts