Sustainability's Symphony: Orchestrating Talent Management for Creating Financial Impact

Sustainability's Symphony: Orchestrating Talent Management for Creating Financial Impact

Mitushi Singh, Mukul Bhatnagar
Copyright: © 2024 |Pages: 32
DOI: 10.4018/979-8-3693-1388-6.ch002
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Abstract

To investigate the connection between sustainable talent management practices and their financial effect on firms, the researchers used a regression analysis. The results highlight the importance of investing in people, highlighting the link between good personnel management practices and financial benefit. In addition, the research reveals a strong link between sustainable practices and excellent financial consequences for businesses. The study's interacting effect is particularly noteworthy, as it suggests that focusing on people management and sustainability at the same time has a multiplier effect on financial impact. In conclusion, this chapter delivers a symphony of factual data showing that companies may amplify their financial performance by harmonizing talent management with sustainability strategies.
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Introduction

The term “Sustainability's Symphony” is a metaphor that brings together the ideas of sustainability and a symphony orchestra to highlight the importance of living in harmony with nature and human civilization. “Sustainability” is providing for current needs without jeopardizing future generations' capacity to do the same (Taneja, Bhatnagar, Kumar, and Rupeika-Apoga 2023; Bansal, Bhatnagar, and Taneja 2023). Creating a sustainable system entails balancing economic, social, and environmental concerns (Taneja, Grima, et al. 2023; Kaur et al. 2023; Kumar, Mukul, et al. 2023; Taneja, Grima, et al. 2023). A “symphony” is an orchestral work that has many musical sections that build upon one another to form a cohesive whole. A symphony is successful because all of the individual parts work together to create a whole that is greater than the sum of its parts. Combining these ideas, the term “Sustainability's Symphony” emphasizes that a concerted effort among multiple factors (economic, social, and environmental) is necessary to achieve sustainability. To preserve the long-term health of the planet and its people, many facets of society, the economy, and the environment must function in tandem, much like the instruments in a symphony (Taneja and Ozen 2023; Dangwal, Kaur, et al. 2022; Dangwal, Taneja, et al. 2022; Taneja, Kaur, and Özen 2022). Because of the interrelated and interdependent nature of the world's many parts, “Sustainability's Symphony” essentially stresses the significance of working together in harmony to accomplish sustainability objectives.

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