TALENT MANAGEMENT IN THE EMERGING BANKING SCENARIO

Ability teaches us how we do, Motivation determines why we do, And Talent decides how well we do.

- Paritosh Kumar

Introduction:

Talent Management is a set of integrated organizational process designed to attract, manage, develop, motivate and retain key people. The goal of a talent management program / model, however is to create a highly responsive, high performance, sustainable organization that meets its business targets. Talent management is the systematic process of creating and sustaining individual competencies that wi ll help the business deliver strategy. Talent management is a term that emerged in the 1990s to incorporate development in human resource management which placed more of an emphasis on the management of human resources or talent.

Talent Management means building the knowledge, skills, and abilities of others and helping them to develop and achieve their potential so that the organizations they work for can succeed and grow. A talent pool is a database of candidate profiles interested in working for your organization; they could be limited towards specific area of expertise, or focused on a board grouping of individuals who can perform a variety of job tasks. A talent manager develops the skills and knowledge one needs to be in an organization.