Sustainable talent management in banking through innovative hr strategies
DOI:
https://doi.org/10.23925/2179-3565.2024v15i4p11-21Keywords:
Innovative management, Talent, Sustainability, Human resource, Banking industryAbstract
In the dynamic landscape of the banking industry, human resources (HR) management plays a pivotal role in fostering sustainability and organizational resilience. This abstract explores the imperative of redefining HR strategies within the banking sector to align with sustainable practices and talent development. By examining contemporary challenges and opportunities, this study delves into the necessity of empowering talent management initiatives to drive sustainability agendas. An interview with 15 managers and professionals within the banking industry, each with more than 20 years of work experience, was conducted, and several key factors were derived from these discussions. Through an analysis of current trends and best practices, it highlights the transformative potential of HR evolution in banking, emphasizing the importance of embracing sustainable principles in workforce planning, recruitment, retention, and development. Drawing insights from industry experiences and scholarly research, this study provides a comprehensive overview of the key considerations and strategies essential for navigating HR challenges in the banking industry, ultimately contributing to the advancement of sustainable banking operations and long-term organizational success.
References
Al Aina, R., & Atan, T. (2020). The impact of implementing talent management practices on sustainable organizational performance. Sustainability, 12(20), 8372.
Alipour, L., Nargesian, A., Budlaei, H., & Mohammadi Moghadam, Y. (2020). Presentation of electronic human resource management model in banking industry. Public Organizations Management, 8(4), 69-82.
Allameh, S. M., & Baniardalan, A. (2014). The effect of talent management strategy on empowerment of Tehran Pasargad Bank's employees. Asian Journal of Research in Business Economics and Management, 4(4), 340-351.
Cohen, E. S.-C. (2012). HRM’s Role in Corporate Social and Environmental Sustainability . Alexandria, VA: Society for Human Resource Management.
DANG, N. T. T. (2021). Talent conceptualisation and talent management practices within the banking sector in Vietnam. Published Doctoral thesis.
Elia, P. T., Ghazzawi, K., & Arnaout, B. (2017). Talent management implications in the Lebanese banking industry. Human Resource Management Research, 7(2), 83-89.
Far, M. T., Haghighi, M., & Jafari, M. A. (2022). Designing a strategic human resource planning model: A case of Export Development Bank of Iran. Global Business Review, 09721509221124173.
Järvi, K., & Khoreva, V. (2020). The role of talent management in strategic renewal. Employee Relations: The International Journal, 42(1), 75-89.
Karami, A., Salimian, M., Mokhtari, M., & Agha Ahmadi, G. (2020). Independent Organization Model Based on Managers' Economic and Organizational Policies. Journal of System Management, 2(1), 219.
Mahfoozi, A., Salajegheh, S., Ghorbani, M., & Sheikhi, A. (2018). Developing a talent management model using government evidence from a large-sized city, Iran. Cogent Business & Management, 5(1), 1449290.
Nobarieidishe, S., Chamanifard, R., & Nikpour, A. (2014). The relationship between talent management and organizational commitment in international division of Tejarat Bank, Iran. European Online Journal of Natural and Social Sciences, 3(4), pp-1116.
Pourahmadi, G., Irandoost, M., & Adhami, J. (2022). Antecedents and consequences of sustainable human resource management in waste management organizations. Quarterly Journal of Management and Sustainable Development Studies, 2(3), 109-128.
Rawashdeh, A. M. (2018). The impact of talent management strategies on bank performance in Jordanian commercial banks. Modern Applied Science, 12(12), 49-56.
Shahrokhi, S., Karabanzad Ghadim, M., & Edalatian, J. (2024). Identify the stimulants of banks in forming a strategic alliance with Fintechs. International Journal of Nonlinear Analysis and Applications, 15(2), 263-273.
Theodorsson, U., Gudlaugsson, T., & Gudmundsdottir, S. (2022). Talent management in the banking sector: A systematic literature review. Administrative Sciences, 12(2), 61.
Umair, S., Waqas, U., Mrugalska, B., & Al Shamsi, I. R. (2023). Environmental corporate social responsibility, green talent management, and organization’s sustainable performance in the banking sector of Oman: The role of innovative work behavior and green performance. Sustainability, 15(19), 14303.
Wu, A. C., & Kao, D. D. (2022). Mapping the sustainable human-resource challenges in southeast Asia’s FinTech sector. Journal of Risk and Financial Management, 15(7), 307.
Downloads
Published
Issue
Section
License
This Journal is licensed under a Creative Commons Attribution-Non Commercial-No Derivers 4.0 International license.
1.The author (s) authorize the publication of the article in the journal;
2.The author (s) warrant that the contribution is original and unpublished and is not in the process of being evaluated in other journal (s);
3. The journal is not responsible for the opinions, ideas and concepts emitted in the texts, as they are the sole responsibility of its author (s);
4. The editors are entitled to make textual adjustments and to adapt the articles to the standards of publication.
