TALENT MANAGEMENT BY CAPACITY BUILDING OF THE EMPLOYEES

—The changing trends have clearly indicated that the transformation of management from regular routine recruitment process to focus towards intangible capital management. Talent management is basically constituent of five elements such as attracting, selecting, engaging, developing and retaining employees and it is generally concerned with identifying the talent gaps, succession planning, retaining talented employees by variety of initiatives as well as implementing different strategies. In knowledge oriented society human capital is a strategic resource in attainment of competitive advantage. Talent Management of the employees is striking for numerous reasons as it is the best remedy to achieve the entire organizational goal with few employees who are the key players and best performers. The workforce development is necessary for upcoming challenges like again economy being hit by recession. Talent Management by capacity building of the employees makes it more enhanced wherein the worker’s potential grows manifold. It is a process of change and it is about managing transformations. People's capacities and institutional capacity and a society’s capacity change over time. My research basically focuses on the capacity development of the employee’s aspect by observational research method. My research focuses on the Capacity Building of the employee’s aspect. As if we focus on the individual level then automatically it will lead to the organizational Capacity Building and in turn it will also lead to societal development. Keywords—Talent Management, Fast Track promotions, Succession planning, Capacity building, Human Capital Management.