Talent Management of Generation Y

This research paper deals with the factors (changing the world work, knowledge economy, demographic changes, globalization, and technology) affecting Talent Management of Gen Y and develops a holistic framework required to manage and retain Gen Y staff by the organizations. Gen Y has been chosen as the focus of this inquiry. The goal of an organization is to give the highest quality at the lowest possible cost by utilizing its greatest talent. This is what determines whether an organization will succeed or fail. This is why an organization must study and identify the impact of the young generation's values and employment preferences to manage and retain and prepare the employees for future roles of responsibility and leadership. Mentoring, strategic leadership, social networking, and information sharing should all be part of a company's talent management plan for Generation Y workforce. Employees from Generation Y become more committed as a result of competency development, and they are more likely to stay on the job. To gain a competitive advantage, Talent Management strategies must be used judiciously This research adapts to new problems and bridges a key organizational gap. As a result, this study is critical for academics and managers to create talent management and human resource strategies in businesses