Role of Performance Management in Managing Talent Management Challenges during COVID-19 Pandemic and Beyond: A Conceptual Review

Abstract

Significant talent management challenges have come from the COVID-19 pandemic, like (a) temporary halt for non-essential recruitment and layoff to cut cost (b) wage-freezes, wage reduction 8 bonus cancellations (c) changed mode of working i.e., teleworking (d) increased work stress etc. Furthermore, COVID-19 has revealed that many organizations do not use state-of-science performance management systems rather, they have relied on the traditional system of a performance management system which includes occasional evaluation and less effort in the alignment of employees, individual goals, and organizational goals. As a result of the lack of value provided by the traditional performance management system, many businesses are fully eliminating performance reviews. We assert that performance management meets significant managerial, strategic developmental, and organizational maintenance if executed using evidence-based recommendations and thus can solve contemporary talent management difficulties. In this paper, an attempt has been made to give some suggestions on how to accept and strengthen the performance management system to help organizations face unprecedented situations like the COVID-19 pandemic. The present study is review of many articles, research papers, books, blogs etc. The current study is based on secondary data.