Page 32 - Banking Finance February 2022

ARTICLE

TALENT

MANAGEMENT IN

THE EMERGING

BANKING

SCENARIO

Ability teaches us how we do, incorporate development in human resource management
which placed more of an emphasis on the management of
Motivation determines why we do, human resources or talent.
And Talent decides how well we do.
Talent Management means building the knowledge, skills, and
Introduction: abilities of others and helping them to develop and achieve
their potential so that the organizations they work for can
Talent Management is a set of integrated organizational succeed and grow. A talent pool is a database of candidate
process designed to attract, manage, develop, motivate and
profiles interested in working for your organization; they could
retain key people. The goal of a talent management program
/ model, however is to create a highly responsive, high be limited towards specific area of expertise, or focused on a
performance, sustainable organization that meets its board grouping of individuals who can perform a variety of
business targets. Talent management is the systematic job tasks. A talent manager develops the skills and knowledge
process of creating and sustaining individual competencies one needs to be in an organization.
that will help the business deliver strategy. Talent
Organizations have now realized that people could be that
management is a term that emerged in the 1990s to
crucial differentiating edge for them in the increasingly
competitive marketplace. Talent management is the
About the author conscious and deliberate attempt to attract, engage,
develop and retain people with the aptitude and ability to
Paritosh Kumar
meet current and future organizational needs. Talent
Senior Manager (Faculty) management has become imperative in the face of today's
Union Bank of India
Staff Training Centre, Kolkata business challenges in the banking sector. Banks are
increasingly realizing that successful talent management is

32 | 2022 | FEBRUARY | BANKING FINANCE