Human Resources are considered to be the crucial resource of all resources available for the organizations. Talent management is most important area of Human Resource Management, which is considered as back bone of HRM. Talent management helps in attaining competitive advantage. It’s a process through which we analyse, develop and effectively utilise the talent to improve the value of our business and to achieve organisational goals. Organisational performance is defined as the actual output or results of an organization as measured against its intended outputs (or goals and objectives). The aim of the study is to understand various talent management practices followed by the organisations, the impact of talent management practices or system of organisational performance with the help of previous researches conducted. The study also offers suggestions for better implementation of talent management practices for getting improved organizational performance