In the present times, talent management has attracted a greater sense of urgency. In order to succeed at the same, some formal processes have been proven to be successful. A narrative needs to created behind the requirements of the firm. A sense of absolution or forgiveness must exist in the organization so people do not feel constrained. Some champions must be identified within the firm who can vouch for the practices and motivate the newer employees. Existing business requirements must be aligned with expected future needs.