Components of an Effective Talent Management Program: Tricwar Model of Talent Management- A Driver of Change in Business Schools
Ravi Kumar Sharma
Dr. Ravi Kumar Sharma, Assistant Professor (Guest), Department of Law, Babasaheb Bhimrao Ambedkar University (B.B.A.U.), Lucknow(A Central University), India.
Manuscript received on 21 August 2019. | Revised Manuscript received on 26 August 2019. | Manuscript published on 30 September 2019. | PP: 5123-5132 | Volume-8 Issue-3 September 2019 | Retrieval Number: C5729098319/2019©BEIESP | DOI: 10.35940/ijrte.C5729.098319
Open Access | Ethics and Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This is the era of LPG (Liberalization, Privatization, and Globalization) where the private sector is increasing at a rapid pace. This corporate/ private sector has the requirements of quality professionals, these professionals are produced in the professional institutions. For producing quality professionals there must be quality educational institutes, and for any quality educational institutes the first requirement is having the quality faculty. The role of faculty in an educational institute is highly indispensable. For the growth of any educational institute the proper and full utilization of faculty’s potential is necessary. The full potential of a faculty can only be utilized with the implementation of proper talent management practices. After the recruitment of any good faculty, his/her induction and development is very important, because the development of the faculty is the development of the student and the development of the student is the development of the institute and nation. If a good faculty has been recruited and being offered the development opportunities the professional institute should try to retain that faculty member as long as possible. Retention of the faculty members is a very crucial aspect of talent management. Many job opportunities are always available to the good faculty members, as a result of which, any sort of major dissatisfaction from the current institute may prompt them to look for a new job, under such circumstances, faculty retention becomes a very crucial aspect of talent management for professional institutions.
Key words: LPG, Talent Management, Retention, Corporate, Professional.
Scope of the Article: Disaster Management