Abstract
Organizations today compete fiercely for talent. Firms invest an enormous amount of money, time and other resources in advertising and recruiting strategies to attract the best candidates because today’s executives understand that one of the most important drivers of organizational success is outstanding talent. The purpose of this study is to understand what exactly talent management means and why it is important (particularly with respect to its effect on employee recruitment, retention and engagement), Also to identify factors that are critical to its effective implementation and to study the application of talent assessment tools in talent management and development. Talent management is a a strategy for improving employee recruitment, retention and engagement .The benefits of an effectively implemented talent management strategy include improved employee
recruitment and retention rates, and enhanced employee engagement. These outcomes in turn have been associated with improved operational and financial performance. The external and internal drivers and restraints for talent management are many. The study is based specifically on Harrison Assessment tools and it application in talent management and development.