Goal / target Setting and Performance Assessment as Tool for Talent Management

With talent management becoming an area of growing concern in the industry and literature, this paper seeks to investigate talent management practices and trends that are shaping successful business enterprises. A case study of best practices in talent management is followed using personal interviews and archival data as shared by the organization. The case describes the talent management change initiative by a steel manufacturing firm. It discusses a newly implemented goal setting, performance management and employee development practices of the firm. The case analyses these initiatives, identifies the existing gaps in these systems and suggests a more integrated method for the same.