Employee retention is highly crucial for the owners as well as managers in the growth of the business (Deloitte, n.d). The organization is liable to develop the connection part between the employees and the board as they form the core part of talent management. The service sector is currently facing numerous challenges in keeping the talent in private sector due to different reasons such as competitiveness, innovation, opportunities and benefits offered by different companies to the employees. There are greater possibilities for the talent to switch between different companies due to the enhanced demand for talent across the sectors (Deloitte, n.d). Nevertheless, new opportunities have always contributed in the growth aspect and this is an evidence to show that the talent management is extremely crucial for the private sector.