Talent Management Performance Assessment in the Digital Economy Context

For maintaining competitiveness in the context of the digitalization of economy, modern enterprises should attract and retain top talent. Human Resource Management encompasses Talent Management and Performance Management. Performance Management optimizes individual performance, aligns with organizational strategic goals, and includes employee performance assessment. Talent Management is regarded as a process used by companies to optimize how they recruit, train and retain employees. Having Talent Management in place, companies can improve employee satisfaction, retention of top talent, accomplishment of financial goals, employee productivity, and innovation. By paying attention to developing and using talent in the best possible way, firms can prolong the employee lifecycle and maximize returns. The aim of this research is to create a framework for employee performance assessment to prevent employee turnover intentions. The study focuses on the employee performance assessment framework as the subject. The object of the research is Talent Management in the private sector. The following research tasks are formulated: 1) to investigate the role of Talent Management in the HRM policy of a company; 2) to compare different employee performance assessment methods and digital solutions applied for effective employee performance assessment; 3) to identify a set of criteria for employee performance assessment in Talent Management to be applied for employee performance assessment that is aimed at improving Talent Management policy in a company. The research results would contribute to further development of an employee performance assessment framework and the update of performance assessment visualisation with a new metric for preventing employee turnover intentions.