Talent development and a firm’s performance

Abstract

The study investigates talent development (TD) as a part of human resource management (HRM) using the emerging market context and its influence on a company’s performance in Russian companies. Attention is paid to the analysis of TD programs that are used to develop talent in Russia and the factors that influence the creation and implementation of TD in Russian firms. The article explores and provides a number of ideas and conclusions about TD elaboration, realization, and talent practices’ improvement in the Russian context. The data shows that the positive connection between TD efforts and a company’s performance can be found in emerging market firms. The findings contribute to the field of HRM by showing that TD significantly influences organizational results.