Rohit Bansal - IIT Roorkee

employees. It is the effectiveness andefficiency of employees that determine theeffectiveness of organization in every sphereof activities. Researchers identified thatsuitable match between job requirement andemployee competences enhance output ofemployee. F.W. Taylor in early theory ofmanagement also highlighted the importanceof task suitability with skills available. Lateron motivational theories also proved that jobcharacteristics if compatible with employeespecialization acts as motivator. Job itselfmotivates employees to perform if designedcarefully by considering organizational goalsand matching talent pool. Demotivatedemployee now and later switch theorganization that causes so many cost toorganization i.e. recruitment cost, training &development cost, etc. Human resourceapproach reflects that employee shouldconsider as capital that is capable of increasingbusiness profit if the skill portfolio ofemployee managed appropriately. It is now aworldwide realization that, an organizationmay be having high ideals, goals and physicalfacilities but if it fails to secure and maintainproductive manpower, it risks the hazards ofstagnating or going out of business or it risksits very existence. Every organization shouldconcern with acquiring services of people,develop their skills, motivating them to thehighest level of performance and ensuring thatthey continue to maintain their commitment tothe organization.Talent retention and talent appreciation is theprimary function of HRM. Hiring and placingthe right people is the only mantra of success.Now-a-days, it is more challenging fororganization in the country to get right talent.There is a tough competition in industry intapping the right talent and the competition forthe best of the best is emerging very fast.Organization should focus to build a reservoirof high quality talent and preserve it to keepahead. This is the new scenario, which isemerging all over the world as well as in India.In such type of business scenario, besidesplacing right person at right place, stepsshould also be taken to enhance the skill of theexisting staff as well as to attract the besttalent. These objectives can be achieved byframing proactive and sound HRM policies.HRM practices should be integrated with thestrategic policies of organization so that atalent reservoir always on hand at criticalsituations.About the Author:Umesh Kumar is research scholar in theDepartment of Management Studies, IITRoorkee. He is working in area of HRM &OB.