Strategic Talent Management approach and organizational performance in the Pharmaceutical Industry of Bangladesh: A Comprehensive Analysis
Majharul Islam
Department of Business Administration, North Pacific International University of Bangladesh (NPIUB)
ORCID: 0006-0004-6119-4159, Email: abirmajharul@gmail.com
Abstract
The Businesses operate in a constantly changing market, requiring them to solve unexpected problems. These challenges augment the complexity of managers' responsibilities and underscore the importance of attaining the organization's goals and objectives. Academics and business experts are now studying the effects of executing a Strategic Talent Management strategy on an organization's capacity to accomplish its operational and strategic goals. Nevertheless, this issue has not been thoroughly investigated. This research aims to investigate the influence of talent management techniques on the operational performance of pharmaceutical companies in Bangladesh. The aim of this research is to analyze talent management in Bangladesh from a practical perspective, with the goal of making a valuable contribution to the area. A research study was conducted by distributing a standardized form to 200 administrators who were employed in pharmaceutical businesses in order to collect data. The results of this study suggest that both retaining current talent and attracting new talent did not have any noticeable effect on the company's long-term success. Nevertheless, it was noted that both the management of employment and the facilitation of learning and growth had a substantial and favorable influence. The report suggests that managers should give priority to efforts such as educational and training programs, career management for employees, and employment modifications that promote learning and growth. This method is expected to enable the company to achieve long-term success.
Keywords: Talent Management, organizational performance, Pharmaceutical Industry, Bangladesh
