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Abstract
According to the World Bank after US and China, India has the third largest education system. Compared to earlier in the last decade there is a vast improvement in higher education. The Government of India has taken up measures for establishment of a greater number of IITs, IIMs, Central Universities, State Universities and Private Universities. This advancement has paved a way for more and more number of students to avail the benefit of acquiring higher education at the reputed institution but simultaneously it has posed a concern for inclusion of excellence in terms of deliverance of academics as the regional as well as state level universities are facing the shortage of talented (skilled and qualified) faculty members. This paper critically looks at the work conducted on the talent management, identifying empirical and contextual gaps that exist in the literature and proposes a conceptual framework on the same. The study concludes that even though Talent Management leads to increased organisational performance, but inclusion of additional variables will help the organisations to achieve greater heights.