Introduction. Against a backdrop of intensifying global competition, weakening connections between employers and employees, and the continued transition to knowledge-based economies, TM talent management has become a key business activity and decision-making area of critical importance Sparrow and Makram, 2015 Collings and Mellahi, 2009. In, 6. Talent management is the process of attracting, developing and retaining the best people for your organization. It is a key factor in achieving business objectives and remaining competitive in the industry. An organization's talent management strategy can have a significant impact on the overall success of the business. A strategic and proactive approach to talent management can further help any business. The ability to identify, develop and retain top talent is a key factor in creating competitive advantage and driving business growth. HR professionals in human resources play a vital role. Talent management is a business term for the systems, processes and strategies used to recruit, retain and train employees. A well-designed talent management strategy can help your business survive. Talent is a key enabler for most organizations today, but there is still room for improvement in how companies manage their talent. In fact, it may well be that retaining talent is more difficult than retaining customers. According to a recent study by the Conference Board Inc. in the United States, human capital risk ranks fourth out of eleven risks.