Talent acquisition and retention is a major challenge for organizations in today's rapidly changing economic environment. A strategic approach to talent management involves acquiring, developing, managing, and retaining talent. Effective talent acquisition methods include virtual and lateral sourcing from job portals and social networks, talent tracking through newsletters, and campus building by developing long-term university relationships. Key elements of a robust talent acquisition strategy include building a strong employment brand through success stories and campus bonding, having an innovative talent scout to market openings, standardizing processes while allowing for flexibility, and tracking the strategy's effectiveness over time.