IMPACT OF TALENT MANAGEMENT PRACTICES ON EMPLOYEE ENGAGEMENT WITH SPECIAL FOCUS ON GENERATION Y

Abstract

Talent Management has become one of the most burning issues for the organization. Globalization, talent mismatches and knowledge economy has ensured that talent is the supreme source of competitive advantage for the organizations. Over and above the presence of multi generations Baby Boomers, Generation X and Generation Y at the workplace is creating additional pressure on the organizations to revamp their talent management practices. The rise and continuous augmentation of Gen Y at the workplace is again a source of challenge for the corporate. Gen Y are large enough cohort to be ignored but simultaneously lack the requisite industry skills because of which their skills are in short supply. newlinePractitioners press is seasoned with articles on talent management and employee engagement, but there is a disturbing lack of clarity around the meaning and scope of the terms talent and employee engagement.There is again no universal definition of talent and employee engagement. newlineUnderstanding the complexity of today s times complemented by the embracing of start-up revolution, there is urgent need to tap, utilize and leverage the potential of Gen Y for organizational and individual benefits, by way of impact full talent management practices, which would lead to better engagement. newlineAgainst, this backdrop the study sought to examine the relationships of talent management practices with employee engagement with special focus on Gen Y. The researcher was also interested to learn about the relationships of employee engagement drivers with employee engagement. Gen Y professionals those born between 1980-2000 employed with IT/ITES of Pune, NCR, Gurgoan, Bangalore, Ahmedabad and Gandhinagar were considered for the same. The responses were welcomed from Gen Y professionals with experience of at least one year and above with the current organization. newlineExtensive literature review was conducted with emphasis on Camps of Talent Management and its uniqueness and differences between other terms like human resource management, human resourc