Talent Management and Its Implications on Firm’s Productivity

Abstract

It was a great opportunity for me to work in this project and find out real insights regarding Talent Management prospects in our country. To do my research, I have selected Banking sector of Bangladesh as my focus, specifically IFIC Bank (Primary), Bangladesh Bank (Secondary) and BRAC Bank (Secondary). I have chosen these organizations as they are all highly renowned and reputed Banks in Bangladesh. My primary focus has been IFIC Bank for conducting this research and to support it I have surveyed more two banks which are Bangladesh Bank and BRAC Bank. The IFIC Bank was established in 1976, as an Investment & Finance Company under arrangement of joint venture with the Govt. of Bangladesh. The Bangladesh Bank is the national bank of Bangladesh that regulates all other existing banks in the country, make and implement policies. It was established in 1972, just after the country got its independence. The BRAC Bank is a part of the Global NGO “BRAC”, which is also the number one NGO in the world, was established in 2001. These three banks are all very renowned and reputed Banks in Bangladesh, also technologically advanced. I have surveyed these banks to get primary data regarding the subject of my report, which is Talent Management and Its implications on firm’s productivity, through formal and informal process. Talent Management is quite an unfamiliar and also a new concept in the banking sector of Bangladesh. Our country lacks many advanced infrastructures like those in the developed countries. This has a direct impact on the business and service sectors of our country. As Bangladesh is slowly moving towards digitalization and modernization, organizations in both business and service sector are also adopting new concepts to improve their productivity. Talent Management is one of them. I have prepared this report based on the primary and secondary data that I have collected relating to the subject. I have added my findings at the end of this report along with some recommendations which I thought could be better for improvising the process furthermore.