IntroductionEmployees are one of the most valuable assets for any company as they contribute greatly to its performance and success. It is therefore crucial for any company to hire and retain highly qualified employees in order to improve its position within its market. Senior management and human resources should ensure that highly skilled employees remain loyal to the company as they will contribute to growth and profitability. It is essential that talented employees are retained as they add value to the organization. Effective talent management strategies should be aimed at promoting and enhancing talents that add value to the achievement of organizational objectives. Talent management can help you achieve an optimal level of success and retain your high-performing workforce. This report aims to explain and analyze the importance of talent management strategies within a given company, examining both the current and future need.TM strategy and its importance for TNNBIn a knowledge-based economy where labor typically represents the largest expense, achieving the People strategy is an important part of the company, which is why finding and retaining talent is a constant challenge. With changing market conditions, changing workforce demographics and new ways of working, effective talent management is what separates high-performing companies from low-performing ones. The right talent at every level of the organization drives innovation, elevates brands and helps create a great place to work. Recognizing this, more and more organizations are placing an emphasis on ensuring that effective talent management strategies are in place. According to the PricewaterhouseCoopers (PwC) 15th Annual Global CEO Survey (2012), many CEOs are… middle of paper… changes in leadership and market conditions. More attention needs to be paid to developing internal talent. However, it is critical for the company to generate reliable and internally consistent talent pools that lead to successful talent management. Developing skilled talent pools can be done on the basis of high performance. Conclusion and Recommendations It is important for TNNB to highlight the importance of talent management throughout the company. It should start from recruitment to employee retention and development, as it greatly affects the overall business strategy, profitability, success and growth of the company. HR talent managers and senior management must value and develop employees both individually and as a team. This would ultimately lead to an alignment of better talent strategies.