Talent management has emerged as a strategic component of contemporary human resource management practices due to its significant influence on organizational performance and competitive advantage. This article examines the concept, importance, approaches, and processes of talent management within modern organizations. It further explores the relationship between talent management and business performance by analyzing how organizations attract, develop, and retain talented employees in an increasingly competitive business environment. The study highlights that effective talent management contributes to organizational sustainability through enhanced employee productivity, innovation, leadership development, and strategic decision-making. Additionally, the article identifies challenges associated with employee retention, organizational loyalty, and inadequate developmental mechanisms, which often result in the loss of talented personnel. The findings indicate that organizations that invest strategically in talent management practices are better positioned to achieve long-term competitiveness and operational excellence.
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