COVID-19, talent management, employee development, pandemic crisis.
Talent management is concern as the methodically organized, strategic process of getting the right talent onboard and helping them grow to their optimal capabilities keeping organizational objectives in mind. It has been studied extensively in management literature in the last ten years, this concept has become a field of interest. As organizations operate in an impossible to prevent marketplace, there are always new and unpredictable difficulties that make managerial roles difficult and the achievement of organizational goals and objectives are more critical. The COVID-19 pandemic has resulted in significant talent management challenges including (a) hiring freezes and layoffs; (b) salary freezes, cancelled bonuses, and pay reductions; (c) how work is done and (d) increased employee stress. Also COVID-19 has made it evident that many organizations have just performance appraisal systems that typically involve a once-a-year evaluation and review, little effort to provide feedback and coaching on an ongoing basis, little alignment between employee performance and the organization’s strategic goals, a focus on past performance only, and ownership by the human resources function instead of those rating and being rated. Thus, the lack of value contributed by the usual performance evaluation and review process is the reason why so many organizations are postponing or even completely discontinuing performance evaluations. It implemented using evidence-based recommendations, performance management serves important administrative, strategic and communication, developmental, organizational maintenance, and documentation purposes and therefore can be particularly useful in addressing contemporary talent management challenges.
Article Details
Unique Paper ID: 153869

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 220 - 225
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