Intense competition and scarce human resources have made talent management an important part of businesses. There is no doubt that the main concern of a company's HR department is to hire the best talent in the market, but continually developing that talent to get the best is a much bigger concern that organizations face today . For an organization to be successful, talent management must be anticipated so that future problems can be easily resolved. Talent management is not just about recruiting the right candidate, it is much more than that. It is a continuous process that involves searching, hiring, developing, retaining and promoting accordingly while meeting the needs of the organization. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get Original Essay Keeping in view the given characteristics, an attempt has been made to study talent management from the perspective of different industries. The study is exploratory in nature and has attempted to provide a new vision of talent management by exploring industry best practices with suitable examples of organizations that have opted for new management and hiring strategies. The document also highlighted the importance of talent management as well as the future aspect of talent management. The most difficult problem businesses face in achieving success is how to recruit and retain the “best” people. Retaining your best talent is a difficult task today as talent has become mobile due to the various opportunities available. When we talk about talent, it is about the gift of nature or art of that person, supported by the ability to succeed in a particular field. Talented people can make a difference in the organization through their contribution. This contribution varies from organization to organization, but the fundamental characteristic relates to skills such as cognitive ability, knowledge and development potential. Managing and delivering timely promotions to those who deserve it has become a necessity for businesses facing both internal and external challenges. To address these challenges and from managing the flow of talent to engagement, development and retention, talent management is the best approach a company has. Talent management is not a one-time show, it is a continuous process and if the stages of this process are managed well, a company can “stand out” among millions of people. The word talent management in an organization was coined by David Watkins of Softscape in 1998, he defined it as the process of attracting and retaining profitable employees. But it gained popularity in the late 1990s after the publication of “War for Talent” by Mckinsey and company. This describes the contemporary business world as characterized by talent scarcity and companies' struggle to attract and retain human capital – their most important asset. To understand its meaning, here are some definitions of talent management given by different authors. Jackson and Schuler (1990) define talent management as ensuring the right person, in the right position, at the right time. Rothwell (1994) defined TM as a conscious effort that an organization makes simply to ensure continuity of leadership in key positions and encourage each individual to progress. Murthy (2010) defines it as the manager who manages the entire life cycle of an employee from.