CONTEMPARORY PRACTICES

Talent management refers to the systematic process of attracting, identifying, developing, engaging, retaining, and deploying individuals who are considered particularly valuable to an organisation, ensuring the right people are in the right roles.

Framework linking HR metrics to organisational strategy and goals.

Employee engagement is the emotional commitment an employee has towards the organisation and its goals, leading to discretionary effort and higher productivity, which banks measure through surveys, pulse checks, and attrition analytics.

Total journey of an employee from hire to exit in an organisation.

Work-life balance refers to the equilibrium between professional responsibilities and personal life; in banking, it reduces burnout, lowers attrition, and improves productivity, often facilitated through flexible working hours and wellness programmes.

Proactive process of forecasting and meeting future staffing needs.

A competency framework is a structured model that defines the specific skills, behaviours, and knowledge required for effective performance in various roles within an organisation, used in recruitment, appraisal, and training in banks.

Structured process to integrate new employees into the organisation.