Author(s): Dr Marteen kumar Patel, Dr Gautam Dua*, Dr Varsha Gondaliya, Ms Sneha Nandwani Mr Ambuj Mishra
Purpose: The role of talent management in improving employees’ ability and potential to deliver productive, high-quality work is supported by human resource literature and international best practice. The term "talent management" refers to a set of approaches and procedures to improve systems for attracting, developing, retaining, and hiring people with the essential skills and aptitudes to meet current and future company objectives. Theoretical context: This research utilises Human Capital Theory and the Resource-Based View. This framework examines the specialised skill sets of diamond workers in Surat and identifies these skills as valuable and irreplaceable resources. In addition, the framework considers the precarious state of the workforce, time constraints, and the significance of providing motivational and developmental support to employees. Design/methodology/approach: The data were gathered using a questionnaire as the instrument for primary data collection. A sample of 457 employees working at Surat City's Diamond units was used for the survey and analysed with AMOS 20.0. Findings: The second-order confirmatory factor analysis was used on the hypothesised model with five latent variables: talent attraction, learning & development, talent retention, motivation, and succession planning. The outcome indicates that the goodness-of-fit indices are adequate for the hypothesised model, based on the fit-index criteria. Practical Implications: The results suggest that talent management practices are positively correlated across all dimensions and positively impact organisational performance. Originality/value: The current research contributes, in both theoretical and practical terms, to understanding Surat Diamond Industry Talent Management Practices.