Organisations know very well that they talented employees to succeed in the increasingly competitive global economy. Along with focusing on the need to employ and retain efficient manpower, companies should be aware of effectively managing the existing talent to achieve the best possible results. Talent management and development is therefore a significant aspect of any enterprise in India and in other countries of the world to grow and expand its business, easily and quickly. The emphasis on talent management and development is unavoidable given the fact that on an average, companies now spend over one-third of their revenues on employee salaries and other benefits. It is quite possible for your company to create a new product that looks and functions similar to another product in the market. You can also reduce your product price to increase sales. But, getting a high-quality, highly engaged employees are nearly impossible. Your organisation should know the secrets to effecti...