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@article{184331,
        author = {Dr.P.Niranjana Devi and Mr. J. Janish Prabakar},
        title = {Talent Management Practices in Private Hospitals},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {4},
        pages = {921-930},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=184331},
        abstract = {The Indian private healthcare sector, which has grown significantly since 1991 and now accounts for over 70% of inpatient care, faces substantial challenges in talent management that impact employee performance and retention. With a projected market value of USD 638 billion by 2025, the sector is grappling with a workforce shortage of approximately 5.6 million health workers by 2030, including 2.07 million doctors and 4.3 million nurses. High attrition rates, particularly among nurses (28-35%), due to burnout, migration, and urban-rural disparities, further exacerbate the issue. Despite these challenges, robust talent acquisition and development can significantly enhance employee performance by addressing skill gaps and providing training in digital health tools. Psychosocial factors like work-life balance, job content, and social support play a crucial role in employee performance and retention. By integrating these moderators into talent frameworks, private hospitals can improve retention by 20-30% and performance metrics. Effective talent management practices, including performance incentives, career mobility, and organizational support, can also boost satisfaction and reduce turnover. Ultimately, prioritizing talent management is essential for private hospitals to bridge shortages, enhance employee outcomes, and sustain India's healthcare evolution in the digital era.},
        keywords = {Human capital (HC), Talent management strategy (TMS), Sustainable business performance (SBP), Talent management mindset (TMM), Employee Retention, Psychological Empowerment, Human Resource Management (HRM)},
        month = {September},
        }