Read this post today online, By the Infosys Team of Hema Ravichandar, Somnath Baishya and Mamata Sahu,
My take: Talent engagement is the only way to survive and sustain, Organisation will need to have a talent paradigm, every individual in the organisation should have a talent mindset, its the right people that makes great organisation. HR should be the facilitator in creating a cultural shift and ensuring that the organisation imbibe this mindset.
Like the team pointed out, other factors incidental to employment such as compensation needs to be in line with expeactation yet creative to bind people and excite them to achieve more.
In all an excellent article, talks about HR's strategic contribution.