In today‘s challenging business environment of going global, competition is becoming intense, organizations have mounting pressure to perform better than before. Over the years, creation and preservation of knowledge has become a key tool in accelerating competitiveness and enhancing organizational capabilities to respond to market changes (Bryan, 2004), matching employees‘ skills and personalities effectively deploying to optimize performance, is a critical and difficult task. To carry out this mission, organizations should develop and deploy talented people who can articulate the passion and vision of their organizations. Though operational excellence, technical competence, marketing savvy, energy and drive are always important, talent-intensive organizations also require soft skills that facilitate execution across departments. IT Industry cannot rest in peace under the assumption that once they have recruited the employee in place, their job is done. The real challenge that is faced by these industries is not hiring the right person for the right job, neither their Performance Management System, nor their Work Climate nor Culture, but in retaining the employee. It is proven beyond argument that it is the people who make or break the organization. Managing the talent of key employees is critical to achieve the success in long-term by any organization. Talent management involves individual and organizational development in response to a changing and complex operating environment. It includes the creation and maintenance of a supportive, people oriented organization culture. Hence this research is carried to understand the potentiality of an employee’s so that the organization can prepare their employees as a competitive advantage through Talent management factors like: talent identifications, talent acquisition, talent development, talent mobilization and talent retention and maintenance. The factors influences in building knowledge managers for competitive advantage. For this study IT sector has considered, around 10 different companies covered with 100 employees. Self-designed Structured questionnaire has been prepared for this survey based on conceptual model. For questionnaire expert opinion has taken from concerned corporates, filed experts, academicians. For data analysis Cronbach's Alpha statistical tool has used to check the reliability test. The result is .979 has come, which indicates the highest reliability.