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With the lack of clarity on meaning and scope of talent management the researcher made an attempt to find out the respondents opinion on the scope and meaning of talent management. B1,B2, B3and A1 mentioned that Talent management as a completely new concept which deals now with talent people. A3 and B5 said talent management had activities concerned to human resource development and employee enhancement.

Respondent A2 and A5 seemed to believe that talent management does have traces of HR. The research noted that the organisations with a separate Talent management team were believed to be viewing talent management as a new concept.

Recommendations for Further Research

The researcher on the completion of the research identified certain areas in which future research can be commissioned to enhance knowledge in the subject. Keeping in mind the limitations of the present research, below are the recommendations for further research.

This research of the most effective talent management practices was commissioned from a company's perspective. On the other hand, a further research can be conducted from the employee's perspective and their opinions on which approaches are likely to have positive impact on the employees in the ITITES companies.

Under this research the firms investigated were large sizes companies. Ivancevich, (1998) cited in Siddique (2004) highlights that such firms which generally tend to have expertise HR and TM units with highly structured interactions. This enables the firms to plan and execute more effective TM practices. It is recommended that in order to understand the extent of implementation of best practices in TM future study should be conducted on small to medium size IT-ITES firms in India.

The research was concentrated exclusively on best practices in talent management procedures. However, given the highly competitive employee conditions, corporate culture, internal career growth and compensation can have a major effect on a talented employee of firms. Hence further study could focus on examining the crucial features helpful in acquiring, and retaining talent in ITITES sector in India.

Another exciting area for future research would be to evaluate the impact of adopting best practices in talent management on the budgetary performance in an organisation.