Article-2 Impact of Talent Management Practices on Sustainable Organizational Performance: A Study on the Telecommunication Industry of Bangladesh

Abstract

Talent management is gradually taking the place of traditional human resource management and establishing human resource functions in a more strategic standpoint rather than just administrative duty. The purpose of the study is to analyze the talent management practices of telecommunication companies in Bangladesh and identify the impact of talent management practices on sustainable organizational performance. The study also suggests which talent management functions need to be prioritized for continuing preferred performance. The paper is quantitative and primary data is used. Survey questions are given to the respondents of different levels of employees working in the telecommunication industry.  Regression analysis has been done to find the impact of talent management practices on sustainable organizational performance. Results show that talent attraction, talent retention, compensation & reward, and learning and development have a significant positive relationship with organizational performance. Employee engagement, Performance management and career management, although not directly linked to desired outcomes, are integral in building a vibrant and positive workplace culture. The R square value is .719, which means 71.9% of the total variation in organizational performance can be explained by the regression model used in this study. The value of the Cronbach’s Alpha is .765 which is higher than .6 and in an acceptable position closer to 1 to ensure the confidence of the data. The study presents valuable insights into talent management practices within Bangladesh's telecommunications industry. Its findings are particularly useful for managers in this sector, offering guidance on prioritizing talent management strategies to boost performance. Despite its focus on a specific industry and reliance on self-reported data, the research makes a significant contribution by shedding light on talent management in a developing country context, thereby enriching the existing literature and offering practical applications.