Impact of Talent Management on Employee Performance in the Banking Industry of Bangladesh

Abstract

The purpose of this study is to investigate the impact of adopting talent management strategies on employees and to know to what extent it can benefit developing, retaining or increasing the performance of the employee of the banking industry in Bangladesh. This research adopted a quantitative survey research design and respondents received a pre-coded close-ended questionnaire by using 5-points Likert scale. The questionnaire was set in Google form for the ease of online survey and also a hard copy questionnaire was made to survey employees of different banks. The statistical population sample size was 83 employees from the banking industry. Responses to the questionnaire were recorded and analyzed using SPSS 20.0 version for Windows. For investigating, measuring and analyzing the variables used in the questionnaire the researcher used descriptive methods such as frequency distribution as well as inferential methods such as correlation, and regression tests. Key results showed that talent management impacted the performance of the employees of the banking industry in Bangladesh. The results also showed that there is a potential correlation between talent retention, talent management strategies in the implementation of employee performance. But the talent retention and acquisition have no significant coefficient impact on the employee performance. Investigator recommended that the banking industry provide training for its employees, review and improve human resources policy, and reward employees for excellence. The study completes providing directions for future research. Keywords: Talent Management, Retention, Development, Employee Performance, Banking Industry . DOI: 10.7176/EJBM/14-14-05 Publication date: July 31 st 2022