Impact of Competency Mapping on Talent Management with Special Reference to Retail Sector in Rajasthan

Abstract

The quality of manpower determines the performance of any company. The organizations are always concerned for the competence of their human resource for business and economic reasons. In the present times, various strategists in business have focused the requirement to map the skills required for industry in order to compete in a specific background. Talent Management is the method of sourcing, attaining, evaluating and appointing manpower to fulfill the requirements to satisfy the organizational objectives and accomplishes project requirements. Talent Management confirms that freshly employed candidates are effectively and efficiently accustomed to the organization, allowing the organization to speedily and completely benefit from their skills. Retail is currently the flourishing sector of the Indian economy. There is a dire need of Competency Mapping for effective talent management in the Indian Retail Sector.

This research paper explores the concept of competency, its historical context and its role in the present times. It has tried to explain how the concept has constantly evolved over the years and its uses in Human Resource Management. It also attempts to explore its applications in the field of emerging areas like Talent Management.