Talent management is about taking a strategic approach to creating, maintaining and developing a workforce. In current scenario it’s most relevant subject for the corporate world, Running a company takes more than hiring people who can perform needed tasks. Companies need to build a competitive workforce by sourcing in-demand skills, investing in continuous learning and skill development, and managing and optimizing performance. This book has been exclusively designed for MBA Students prescribed by various colleges and universities especially as per the syllabus of A.K.T.U (Dr. Abdul Kalam Technical University). This book could also be used as a text for graduate courses on talent Management also keeping in mind to assist organizations in creating and maintaining excellence through proactive talent management. The book is organized into five units with recent model papers. The arrangement of the chapters is designed to provide the students with a series of logical steps to realizing the concept and strategies required according to their syllabus. The talent management plan identifies the actions needed for an organization to align its current human resources capabilities with its current and future organization requirements. This chapter also illustrates different perspectives on the tal- ent management planning process.