Intense competition with scarce human resources has made talent management an important part of companies. There is no doubt that the primary concern of a company's HR department is hiring the best and right talent in the market, but continually developing that talent to get the best is a much bigger concern that organizations are facing today . For an organization to be successful, talent management must happen in advance so that upcoming issues can be addressed easily. Talent management isn't just about hiring the right candidate, it's much more than that. It is a continuous process that involves sourcing, 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 Shouldn't Be Banned"? Get an Original Essay Taking into account the characteristics provided, an attempt has been made to study talent management from the perspective of different industries. The study is exploratory in nature and has sought to provide a new insight into talent management by exploring industry best practices with suitable examples of organizations that have opted for new strategies for management and hiring targets. The document also highlighted the importance of talent management along with the future aspect of talent management. The most challenging question companies face for successful business is how to acquire and sustain “best-in-class” 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, we mean the gift of nature or art of that particular person, supported by the ability to achieve success in a particular field. Talented people can make a difference in the organization with their contributions. This contribution varies from organization to organization, but the key characteristic concerns skills such as cognitive abilities, knowledge and development potential. Managing and offering timely promotions to deserving people has become a necessity for companies facing both internal and external challenges. To address these challenges and from managing talent flow 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” in a crowd of millions. The word talent management in an organization was coined by David Watkins of Softscape in 1998, defining it as the process of attracting and retaining profitable employees. But it gained popularity in the late 1990s after the release of "War for Talent" by Mckinsey and company. This describes the contemporary business world as pervaded by talent scarcity and companies' struggle to attract and retain human capital, their most important asset. To clearly understand its meaning, here are some definitions of talent management given by different authors. Jackson & Schuler (1990) defined talent management as ensuring the right person, in the right job at the right time. Rothwell (1994) defined Transcendental Meditation as a conscious effort made by an organization for the sole purpose of ensuring that there is continuity of leadership in key positions and encouraging each individual to progress. Murthy (2010) defines it as the manager who manages the entire cycle of.