LITERATURE REVIEWTalent and Talent ManagementIn fact, talent in the company is addressed in several ways: it may describenatural or perfected talents but is often used to identify high-performing and high-potential workers. Thus,the precise definition of talent in a market environmentvaries according to the sense and toreference point (Griffiths, 2015). More specifically,talent management is characterized as a methodologically structured, strategic processof bringing the right talent on board and encouraging them to evolve to their fullestpotential while keeping organizational goals in mind (Ghosh, 2019). This includesunderstanding that all HR activities are interrelated, consistent with business interests,and helping the company leverage talent to achieve business objectives.Talentmanagement and selectionhave been generally recognized as perhaps the mostcritical factors for organizational performance since the McKinsey Study coined theword “the war for talent in 1997” (Goldstein, 2017). Given its prominence andstrategic significance in the business world, the debate and the practice have beenprimarily dominated by business and consultancy firms, especially under the notion oftalent shortage.However, talent management has now been one of the most criticalobstacles for HR directors, when just the 30 percent of them saying they have theability they need to meet their potential growth aspirations (Goldstein, 2017).Importance of having TM in an organization and the challengesTalent management activities includes different set of activities that variousorganizations embraced to ensure it receives and retains a highly trained andexperienced staff.Talent management function is not only limited to the boundaries of3

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