An Assessment of Talent Management and Talent Engagement Strategies for Indian Industries - Orientations Revisited In COVID-19 Crisis

ABSTRACT

New approaches and methods would redefine the global corporate and economies as the pandemic has struck the world. India has been under lock down for the last four months is still pondering its ways and means to handle this challenge effectively. With profits plummeting and businesses in chaos, the entire business community has to rise to the occasion to face this mammoth problem. This research attempts to study the challenges and issues that are hampering effective talent management for talent retention during this pandemic. The solution lies in effective coordination with employer and employee with talent management and retention practices. This study is quantitative and empirical while being exploratory and conclusive. The study intends to explore the dimensions of talent management and talent retention practices for Indian Inc. In this study, stratified random sampling was done, and 100 employees, who work in Indian corporate from various states was, administered a questionnaire. The collected data were analyzed using SPSS, correlation, regression, and confirmatory factor analysis. It was found that family and family priorities occupy the employee's mind during these COVID-19 times. The organizational policies and frameworks must orient so that the employee's health and safety are the top priorities. The modified work environment, work culture, and priorities would help in employee retention. An empirical framework is also provided for Indian enterprises on talent management and retention after the COVID-19 pandemic.