The Impact of Talent Management Initiatives on Perceived Employee Performance in the Banking Sector, Sri Lanka

Abstract

Investing on talents has been predominantly increasing in corporations to generate the expected performance from the best talents and retaining them as it is essential factor of achieving competitive edge which reflects in organizational performance. Though a plethora of studies have been conducted for human resource management and organizational outcomes, there is a dearth of studies investigating on talent pools, talent management practices and its impact on desirable employee level outcomes. The study aimed to examine the impact of multi dimensional aspect of talent management initiatives on perceived employee performance empirically in the context of licensed commercial banks in Sri Lanka. Also it uncovered the most influential talent management dimension on perceived employee performance as talent recruitment which comprised with selective staffing and employer branding for talent acquisition in talent management-performance link. The study was conducted on a sample of 245 talented banking employees. The data was analyzed using structured equation modeling with the aid of AMOS version 22. The findings revealed talent management initiatives have significant and positive effects on perceived employee performance. Further, it divulged perceived employee performance is significantly and positively influenced by talent recruitment dimension under talent management. Accordingly the findings have proposed adopting talent management initiatives is worthwhile as it leads to better improved performance of talented individuals at work and specific attention can be given on talent recruitment in determining the bundle of talent management practices.