In a continuously changing business environment, it is the responsibility of the HR department in organizations to secure and retain the talent necessary for productivity and development. IT sector is one of the most growing sectors and facing the challenge of employee turnover at a high rate. The objective of the study was to investigate the contribution of talent management practices in employee retention. A descriptive study was conducted to find the impact of talent management strategies on employee retention. A multiple regression model was developed to analyze the relationship between the variable of talent management and employee retention. It was found that employees prefer to stay in an organization that provides the opportunity to develop and grow on the career ladder also the compensation plans are very helpful in attract and retain the employees. The study will be useful for planning, drafting, and executing various strategies to retain the employee. The study can be generalized to other sectors and there is the scope of future research with the other aspects of the workforce e.g. work-life balance, employee engagement in connection with employee retention.