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ISSN No:-2456-2165
Abstract:- This research paper deals with the factors remained unchanged. Talent management emphasizes
(changing the world work, knowledge economy, excellent initiatives completed to advance representatives'
demographic changes, globalization, and technology) careers.
affecting Talent Management of Gen Y and develops a
holistic framework required to manage and retain Gen Y With the continuous inflow of Generation Y employees
staff by the organizations. Gen Y has been chosen as the (born between 1981 and 2000) and the retirement of Baby
focus of this inquiry. Boomers (born between 1946 and 1964), there has been a
paradigm shift in the workforce demographics during the last
The goal of an organization is to give the highest several years. According to generational cohort theory, a
quality at the lowest possible cost by utilizing its greatest generation is defined as a group of people who were born at
talent. This is what determines whether an organization the same time and shared formative experiences during their
will succeed or fail. This is why an organization must development, resulting in a shared value system, perceptions,
study and identify the impact of the young generation's and attitudes.
values and employment preferences to manage and retain
and prepare the employees for future roles of Generation Y has witnessed developments such as the
responsibility and leadership. liberalization of the economy, the birth of the internet, the
popularity of social media, the increase of environmental
Mentoring, strategic leadership, social networking, consciousness, and the rise of terrorism.
and information sharing should all be part of a company's
talent management plan for Generation Y workforce. The majority of Generation Y employees were raised in
Employees from Generation Y become more committed a multicultural, technologically advanced atmosphere by
as a result of competency development, and they are more parents with a secure financial foundation. This setting has a
likely to stay on the job. To gain a competitive advantage, significant impact on their personality development as
Talent Management strategies must be used judiciously carefree, fun-loving, and risk-taking persons. They have very
different work ideals, ethics, and working styles than
This research adapts to new problems and bridges a Generation X and Baby Boomers. They have a strong feeling
key organizational gap. As a result, this study is critical of self-worth and confidence in their skills, and they are
for academics and managers to create talent management ambitious, creative, and goal-oriented. They have a lot of
and human resource strategies in businesses. optimism, assertiveness, and self-esteem. This generation
symbolizes persons who are socially connected,
I. INTRODUCTION technologically literate and have a strong connection
orientation. They want an inclusive management style and
Human resource management, human capital want to be mentored by their superiors and wish to be granted
management are some of the approaches which aid in dealing the power of decision making.
with an organization's most important resources.
Nonetheless, in the last 20 years, there has been a lot of Despite the changes in labor characteristics, HRM
interest in utilizing the abilities of an organization's top procedures remain the same, making them less desirable to
representatives. Without extremely skilled experts and never- Generation Y employees and leading to greater attrition rates.
ending interest in human capital, organizations can hardly Massive rivalry across industries, as well as attractive offers
compete. Efficient allocation of resources is one of the most from competitors, have exacerbated the problem of retention.
important tasks that an organization has to perform to gain a Employee engagement is further lowered by the immense
competitive edge over other organizations and also to run a pressure to outperform the competition while having
business effectively. insufficient resources.
Furthermore, any organization's success is inextricably These characteristics of Gen Y have prompted most
linked to the presence of qualified individuals. As a result, organizations to change their principles of hiring, managing,
one of the greatest challenges confronting organizations and retaining Gen Y staff to adapt themselves to the changing
today is the ability to manage and administrate effectively. work environment. While most companies are working their
Talent management is becoming one of the primary way through this, some companies are finding it difficult to
instruments of business intensity, according to a recent adapt to this change and are thus suffering considerably.
research conducted in the specified range. Over the last 20
years, talent management has progressed from a haphazardly
arranged marvel to a widely recognized and widely depicted
creation. Even though talent management as a subject of
study has a variety of principles, its focus has largely
There is strong evidence in the literature that technology In a similar spirit, publications focusing on generational
plays a significant role in students' academic life. The comparisons were studied to better comprehend the
potential of social media for learning has been explained by Generation Y profile pattern.
Thomas and Thomas (2012). They said that its interactive,
flexible, and asynchronous learning approach was beneficial. Articles focusing on talent management from a
There have been studies that show a link between the usage generational perspective were also looked at.
of social media platforms such as Twitter and enterprise
social networks and university student engagement, The following inclusion and exclusion criteria were
involvement, and semester grades, as a result of enhanced used to select material for inclusion in our systematic review.
contact between students and professors which results in We considered research that looked at Generation Y from a
higher learning. human resource standpoint as well as papers written in
English. Studies in languages other than English were
Wikis, blogs, discussion forums, and networking sites excluded, as were studies focusing on marketing domains
are examples of social media platforms that have interaction relevant to Generation Y consumers, studies where
and collaboration possibilities. This fosters collaborative Generation Y was not the primary focus, and studies focusing
learning by facilitating the exchange of ideas, insights, and on populations other than Generation Y.
information, as well as the development of links, through
real-time communication and collective knowledge Thorough research was done to find the best journals to
production and sharing. acquire some valuable facts and information. The majority of
the articles came from reputable peer-reviewed management
Furthermore, with some control over material and and psychology journals such as Journal of Managerial
speed, social media makes learning, democratic and more Psychology, Development and Learning in Organizations: An
interesting. This leads to a learner-centric strategy in which International Journal of Hospitality Management,
learners take a more active part in their learning, which is in International Journal of Engineering and Technology,
line with Generation Y employees' new psychological International Journal, Human Resource Management
contract. Review, Journal of Applied Psychology and European
Journal of Training and Development. This is because all of
This social media-enabled learning aligns with the these publications are devoted to the field of human resource
social constructivist learning paradigm. According to this management. More significantly, these publications have
idea, learning takes place jointly through social context and published several notable papers that have had a significant
involves conversation, inquiry, and information exchange impact. This is since all of these publications are devoted to
among organizational members, ultimately leading to the field of human resource management. More significantly,
learning behaviors and the acquisition of abilities like these publications have published several notable papers that
collaboration and communication. As a result, the usage of have had a significant contribution to the literature of
social media will offer learning opportunities for Generation Generation Y Furthermore, the majority of these publications