INDEX

S. R. No. CONTENTS
1 Introduction
1.1 introduction of study
1.2 objectives of the study
1.3 scope of the study
1.4limiations of the study
1.5research methodology
1.6 data collection

2 Profile of the organization

2.1 background and history of the organization
2.2products offered by the organization
2.3 interdepartmental relationships

3 Conceptual background
3.1creating a competitive advantage through talent management
3.2 Company retention policy

4 Data analysis & interpretation

5 Objective
6 Rationale of the study
7 Findings
8 Conclusion
9 Recommendations
10 Annexure (Questionnaire)
11 Bibliography
INTRODUCTION OF THE STUDY
 INTRODUCTION OF THE STUDY

Talent Management

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. Talent Management is beneficial to both the
organization and the employees. The organization benefits from: Increased productivity and
capability; a better linkage between individuals' efforts and business goals; commitment of valued
employees; reduced turnover; increased bench strength and a better fit between people's jobs and
skills. Employees benefit from: Higher motivation and commitment; career development;
increased knowledge about and contribution to company goals; sustained motivation and job
satisfaction.

In these days of highly competitive world, where change is the only constant factor, it is important
for an organization to develop the most important resource of all - the Human Resource. In this
globalize world, it is only the Human Resource that can provide an organization the competitive
edge because under the new trade agreements, technology can be easily transferred from one
country to another and there is no dearth for sources of cheap finance. But it is the talented
workforce that is very hard to find.

Talent signals an ability to learn and develop in the face of new challenges. Talent is about future
potential rather than past track record. So talent tends to be measured in terms of having certain
attributes, such as a willingness to take risks and learn from mistakes, a reasonable (but not too
high) level of ambition and competitiveness, the ability to focus on ‘big picture’ issues, and an
awareness of their own strengths, limitations and impact on others.
Several talent management processes need to be in place on a strategic level in order ensure its
success. Such processes/strategies include talent identification, recruitment & assessment,
competency management, performance management, career development, teaching management,
compensation, succession planning etc. Talent management has a number of benefits to offer such
as employee engagement, retention, aligning to strategic goals in order to identify the future
leadership of the organization, increased productivity, culture of excellence and much more.

 Identifying the talent which is required

 Right selection of the talent

 Implementing competitive compensation plan

 Training and Continual Development of competencies

 Aligning the acquired talent

 Retaining the talent

The scope of Talent Management is quite wide and adopts an integrative approach to the functions
mentioned above. The purpose is to have a synergistic effect between the various activities so as
to ensure a maxi-maxi effect.

Limitations of Study:-

 All the functions are only related with the personnel department.

 Limitation about the working hour of the worker in the factory.

 Limitation about the time and absenteeism.

  Company not allowing disclosing confidential information

Time factor was the major limitation of this survey. Because during survey any activity of
organization which is directly or indirectly related to the production process should not disturb
due to survey

Research Methodology:-

Methodology means a particular set of methods used for collecting the information pertaining to
the objectives of the project.

Research methodology is a way to systematically solve research problem. It may be understood

as a science of studying how research problem. The study of research methodology gives us the
necessary training in gathering materials, arranging them, participating in field when required and
training in technique for the collection of data appropriate for a particular problem. The research
methodology is the most practical way of obtaining and analyzing data and it plays an important
role in project work

RESEARCH TYPE:

This project is based on a descriptive type of research, which includes structured interviews, and
fact finding inquiries of different kinds. The major purpose of descriptive research is description
of the state of affairs, as it exists at present.

RESEARCH DESIGN- DESCRIPTIVE RESEARCH DESIGN:

A research design is a specification of methods and procedure for acquiring the information. A
research design is a master plan or model for the conduct of formal investigation. Research design
is purely and simply the frame work or place for a study that guides data. It is a blue print that is
followed in completing a study.

Data collection:-

1) Primary Data Collection Method.

Primary data are those that are obtain by the user for fulfillment their purpose. I have taken
Primary Data through personal visit of HR head, and HR executive, of Company Ltd. At all levels
and observation methods to get more reliable information. I also collected primary data by filled,
‘Yes’ or ‘No’ format questionnaire by the employee of Company, The prime focus of this
questionnaire was to compare with the responses obtained from HR professionals. The
talent management initiative is taken by the HR professionals but the implication of this initiative
is on the employees. By this questionnaire, the researcher tried to find out the effectiveness of
such talent management initiative as well as the satisfaction level of the employees.

2) Secondary Data Collection Method.

The Secondary Data is that which is already collected and stored or we can say already saved or
ready data by others. I got secondary data from their journals, records, specimen of appraisal form
etc. And from newspapers magazines, articles, internet etc. I got basic information of Talent
Management
PROFILE OF THE ORGANIZATION
 PROFILE OF THE ORGANIZATION

COMPANY PROFILE:

BEEKAYLON SYNTHETICS PVT. LTD. is a well reputed company engaged in the

manufacturing, importing and supplying of Polyester Yarns like Dyed Polyester Yarn, Textured
Polyester Yarn and Dope Dyed Black Polyester Yarn. The company has been successfully catering
to the needs of the clients since past 3 decades. Moreover, its ethical business practice and
transparent dealings have helped the company marks its name in the international market.

The company has a vast experience in this field and that has helped it in having better
understanding of the client’s requirements. Thus, the company makes sure that the products are in
match with the client’s requirements and needs. With such dedicated efforts, the company has
secured cordial relations with all its valuable clients.

History:

Incepted in 1981, Beekaylon Synthetics Pvt. Ltd. is amongst the well reputed Manufacturers,
Importers and Suppliers of Dyed Polyester Yarn, Textured Polyester Yarn and Dope Dyed Black
Polyester Yarn. The company has been working successfully under the leadership of its
C.E.O, Mr. Rahul Khemani. With his valuable guidance, the company has grown manifolds. It
is situated in Mumbai, Maharashtra.

Vision and Mission

Vision:
 following ethical and fair business practices

 Maintaining respect of all human beings.

Mission:
 Achieve growth at higher rate

 Aim at zero defect products

 Expand distribution network in neighboring

 Countries

Impart training, motivation and respect to all employees

Infrastructure:
We have a highly sophisticated manufacturing unit. Our infrastructure is well to equipped with
technologically advanced machinery and equipment, owing which we are able to do smooth and
flawless production of the Polyester Yarn.

Team:

A competent team is an indispensable part of any organization. We are backed by such a team that
consists of well qualified, experienced and dedicated professionals who are experts in their
respective fields. The team works in full coordination to assure timely delivery of the products.