IMPACT OF TALENT MANAGEMENT TOOLS ON RETENTION OF EMPLOYEES a STUDY OF SELECTED INDIAN IT COMPANIES

Abstract

Information technology has become the mantra for development today. It has contributed immensely in changing the image of India in the global arena. Though the outcomes of the development of IT in India were more prominent post-globalization, its development got rooted almost 50 years ago. Information technology includes the design, development, implementation and management of computer-based information systems, particularly, software applications and computer hardware. During the initial years of IT revolution or computerization, there was a fear of increased unemployment and work redundancy . But later, the same IT industry became one of the biggest employment source. Besides, today India s IT industry is seen as a hub of innovators providing world class technology solutions across the globe. In a way, one can rightly say that the IT sector has facilitated the integration between the domestic economy and the world economy. In fact, it is a common belief today that a country s IT potential is paramount for its march towards global competitiveness, healthy GDP and defense capabilities. In India, the strong demand for electronic hardware and software has been fueled by a variety of drivers including the high newline