Today's global economy has created a more complex and dynamic business environment inwhich most organizations must learn to compete effectively to achieve success and sustainablegrowth. Workforces around the world have become larger, increasingly diverse, more educated,and more mobile. There is considerable evidence that organizations worldwide face formidabletalent challenges. The ability to attract, develop, and retain a needed supply of critical talent is achallenge facing all organizations. The study examines the effect of talent management onorganizational success. It adopts human capital theory. In this article we review differentacademic work on talent management. The study highlights the restraining factors influencingthe practice of talent management, global talent management and talent development process. Inconclusion effective talent management is the key for organizations success and sustainablegrowth as it allows organizations to retain top talent while increasing productivity. It wasrecommended that to make sure employees with the right skills stick with the organizations forlong enough. It is important that talent management system should be integrated across allaspects of human resource management.