"ALIGNING TALENT WITH AMBITION: STRATEGIC TALENT MANAGEMENT AND ITS INFLUENCE ON CORPORATE GOALS"

Abstract

This research article aims to establish the strategic management implications of STM on corporate objectives in the Indian manufacturing industry. The study uses both survey questionnaires completed by 350 manufacturing firms and qualitative data from interviews and focus groups. The quantitative results demonstrate that the organizations have well-established STM practices in the areas of recruitment, training, succession planning, and talent retention, as indicated by the high mean values. Such practices show a clear correlation with organizational objectives and contribute to the creation of a positive organizational climate and the development of the workforce. The findings of qualitative analysis also emphasize the cultural change and strategic alignment as the major benefits of STM, as well as the career development and engagement of employees supported by STM activities. The study focuses on the positive relationship between the proper alignment of STM practices and the improvement in the organizational performance indicators such as the level of satisfaction, productivity, and turnover rates of employees. Strategic recommendations include enhancing succession planning and maintaining the investment in employee development to maintain the competitive edge and encourage innovation.