Talent Management: Strategic Priority of Organizations

Talent management concept deemed as cornerstone in human resource management studies as it covers different features of human recourses by polishing employees' skills and expertise with different methods. Banking sector is paying great attention to develop the effective mechanisms regarding talent management. The purpose of this study is to identify the strategic importance of talent management and to create a link between talent management and organizational performance. Researchers examined the role of talent management in overall organizational effectiveness. Study is descriptive and qualitative in nature. Data collected from managerial staff of banks through interviews. Results revealed that effective talent management strategies have significant and positive relationship with organizational performance. Study results also highlight that talent management also has positive and strong association with competitive advantage, performance and talent position within the banking sector. This study will provide great insight for understanding of talent management concept and its importance in banking sector. Banks can utilize these results to shape their talent management practices. Limitations, practical implications and future directions also mentioned at the end of the article.