A review of High Performance Work based Practices on Talent Retention in IT Companies

In the world of competition, the changing environment has put a lot of pressure on the human resource management to justify its existence and relevance in the IT sector. The manpower is the core competencies and has great significance for the organization. Recently new trends have taken place in the field of Human Resource Management. It has been changed from labour relation to personnel management and was recently to strategic human resource management. The emphasis has been on linking human resource management practices with employee retention to increase the performance of the organization. At present there is a dearth of Indian studies linking human resource practices with talent retention. There is lots of research conducted on High performance work based practices outside India. Few studies are available on Indian Literature. This study attempts to understand the major influence of innovative human resource practices on talent retention on IT companies. Researcher have selected big IT companies IBM, TCS and NIIT technologies on the basis of profitability. Purpose: The purpose of this study is to know the impact of High performance work based practices on Talent retention. Research Methodology: The paper is based on the review of the past research and studies conducted over last 15 years, empirical and conceptual, dealing with the large number of variables related with high performance work based practices. Findings: It conclude that high performance work based practices is positively related with talent retention. Research Limitations: The paper provides insights into critical issues which IT companies are facing nowadays. This develops a scope for future research. Practical Implications- The research brings is useful for professionals, entrepreneurs and students. Keywords- Innovation, Innovative human resource practices, Learning Organization Paper type- Literature Review