Talent Management: A Key to Success in Any Organization -Perspective from Bangladesh

Abstract

One of the major challenges encountering corporates  all over the world to building, retaining and sustaining talent human capital. Doing the business as well as to adapt shifting demographics and diversified work forces, corporates have to strengthen their capabilities and rejuvenate their organizations. Era of globalization requires companies to attract human capital and retain them for the very best output so that the employees can compete internationally. The study analyzes literature review on talent management, best ways for talent management, challenges and recommendations. Companies operating in Bangladesh are also practicing talent management issue since long. Bangladesh being USD 172.9 billion GDP county operating top tier companies employing thousands of people and the number is growing day by day. This study thus analyzes key strategies for talent management aligning success to any organization with a perspective from Bangladesh. Findings reveal that talent pool to be retained through proper remuneration, good work environment, participative decision systems and alignment with organizational strategy and for the success of the organization. This study also find out that successful organizations need to consider long term plan, clear definition of talent, identify required skills for talents, target groups for implementing the talent management strategies for grand success of the organization.