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Infosys, Wipro, Satyam, HCL Technologies and i-Flex Solutions. These are some of the companies, which have the highest revenue growth rates year after year. Few of them also have revenues exceeding $1 bn. They provide great work environment to their people. Good salary, perks, overseas assignments, challenging and highly competitive work environment and a great future - these are some of the pluses associated with these companies. Then, can these companies be considered as the picture perfect companies with no problems whatsoever?

Think again!!!

Have a look at these figures:
     Infosys - 10.7 %
     Wipro - 17 %
     Satyam - 18 %
     HCL Technologies - 13.1 %
     i-Flex Solutions - 19 %

These are the attrition rates of the employees of the above mentioned companies. Some of these actually match their revenue growth rates!!! This is giving a severe headache to the top management in general and HR department in particular. So, this has added to the functions of the HR department a new function - Talent Management.

Introduction

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job. Every person has a unique talent that suits a particular job profile and any other position will cause discomfort. It is the job of the Management, particularly the HR Department, to place candidates with prudence and caution. A wrong fit will result in further hiring, re-training and other wasteful activities.

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* Contributed by -
Sandeep V.,
2nd Year, MBA-Global,
Institute of Management Technology, Nagpur.