Understanding the Talent Management Practices by Employees of Banking Sector

Banking and Finance offers tremendous services for the betterment of human civilization. A major population in any country is dependent on banks to accomplish their day to day financial transactions. Banks and Financial Institutions have witnessed a lot of economic changes and development from the past and the trend continues till now. The changes and expectations in banking sector is a challenging trend to the sector‘s contribution to the society with the variety of talent and employability skills. The development of technology, changing demographics and the fluctuating economic and political situation, have all affected by the shortage of talent and under employment attitude. In the present hypercompetitive and increasingly complex global economy, one of the greatest challenges faced by almost every organization is to successfully attract, assess, train and retain the talented employees. With the banking sector becoming increasingly competitive and customer oriented, identification and management of talented personals becomes the biggest challenge. In order to understand the talent practices of the employees in the sector concerned, the researcher framed the objective to understand the factors contributing for selecting the current employment by the respondents and the employees view on talent management and organization readiness to improvise the same. The research found that there is an association between the age of the respondents and their perception on selecting the entry level job in banking sector.