EFFECTS OF TALENT MANAGEMENT ON ORGANIZATIONAL PERFORMANCE

  • Type: Project
  • Department: Industrial Relations and Personnel Management
  • Project ID: IRM0005
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 80 Pages
  • Methodology: Simple Percentage
  • Reference: YES
  • Format: Microsoft Word
  • Views: 1.3K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND TO THE STUDY

The world is suddenly faced with the need to make a sharp break from old habits and deliberately learn new ways of doing things. Technologies that were startling innovations yesterday, such as personal computers and phone-fax answering machines, are rapidly becoming low-margin commodities. As a result, productive and human know-how are becoming the competitive advantage a business has over its rivals. In the unfolding epoch, successful organizations will be those that hinge on the ability to attract, develop, retain, motivate, and lead a diverse array of appropriately skilled and talented workforce in an organization. The human factor drives everything (Imparato et al cited in Wurin, 2012).

The need for talent management at the place of work in today’s turbulent and dynamic business environment cannot be swept under the carpet. Talent management is seen as the conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and abilities to meet current and future organizational needs. Talent management is concerned with the recruitment, selection, identification, retention, management, and development of personnel considered having the potential for high performance (Stockley, 2007).

In recent years, however, observers have cited a decided trend toward fundamental assessments of human resources structures and positions. Obviously, no organization can achieve its fundamental objective without the concerted effort of sound talent management. In the views of Wheelock (2010) the present economic situation of the world has increased the importance of talent management and retention. She further adds that intellectual capital is always asset for any organization; therefore organizations like to invest in this asset.

Talent management in organizations is not just limited to attracting the best work force for the industry but it is a continuous process that involves sourcing, hiring, developing, retaining and promoting them while meeting the organization’ s objective simultaneously. Only hiring talented labour-force does not solve the problem but getting the things done from him is the main task. Therefore, it can be said that talent management is a full-fledged process that not only controls the entry of an employee but also his or her exit. Successful organizations evaluate the worth of every investment and talent management is no exception (Venkateswaran, 2012).

According to Ashton and Morton (2005) talent management is a function or responsibility of every manager or supervisor who has people (employees) under him, all of whom are working towards the achievement of desired goals.

1.2    STATEMENT OF THE PROBLEM

The current global business environment has become dynamic and there is a vital need for flexible, innovative and rational approach to the management of human capital, particularly with regard to the high talent professional employees. The assumption underpinning the practice of talent management in organizational theories is that people are the organization’s key resource, and organizational performance and productivity largely depends on them. If therefore, an appropriate range of talent management processes and policies are planned, developed and implemented effectively, employees’ productivity will make a substantial impact on firm performance. The realization of a productive human capital in both public and private organizations to a greater or lesser extent depends on how a diverse array of appropriately skilled people are attracted, developed, retained, motivated and led in the organization.

Even with the knowledge of the importance of talent management to organizational outcomes, many organisaions today in Nigeria hardly have their managerial tactical tools built around employees talent.

Despite the importance of providing adequate talent management in improving the performance of employee for effective organizational performance, most managers and executives do not understand how to effectively manage talent. Some others that engage in talent management do not undertake it appropriately. This study provides various methods for the understanding, management and utilization of employee talent for improved organizational growth and performance.

1.3   OBJECTIVES OF THE STUDY

The major objective of this study is to examine the effect of talent management on organizational performance. While other specific objectives are:

        i.            To find out the relationship between talent management and employees’ productivity.

     ii.            To explore the link between retaining talented workers and organizational competitive advantage

   iii.            To highlight various methods of talent management for improved organisational performance.           

1.4     RESEARCH QUESTIONS

This research work shall be guided by the following research questions:

1.Is there any significant relationship between talent management and employee performance?

2.What is the link between retaining talented workers and organizational competitive advantage

3.What are the different methods of talent management for improved employee performance?

1.5     RESEARCH HYPOTHESES

The under mentioned hypotheses will be tested in the course of the research study;

Hypotheses 1:

Ho:      There is no significant relationship between talent management and            organisational performance.

Hi:       There is a significant relationship between talent management and  organisational performance.

Hypotheses 2:

Ho:      Retaining talented workers does not result in organizational             competitive  advantage

Hi:       Retaining talented worker does result in organizational competitive           advantage.

Hypotheses 3:

Ho:      There is no significant relationship between different methods of talent      management and improved employee performance.

Hi:       There is a significant relationship between different methods of talent         management and improved employee performance.

EFFECTS OF TALENT MANAGEMENT ON ORGANIZATIONAL PERFORMANCE
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Industrial Relations and Personnel Management
  • Project ID: IRM0005
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 80 Pages
  • Methodology: Simple Percentage
  • Reference: YES
  • Format: Microsoft Word
  • Views: 1.3K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Industrial Relations and Personnel Management
    Project ID IRM0005
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 80 Pages
    Methodology Simple Percentage
    Reference YES
    Format Microsoft Word

    Related Works

    (A CASE STUDY OF NESTLE NIGERIA LIMITED) ABSTRACT This study examined the Effect of Talent Management on Organizational Performance. The study adopted the descriptive survey design. Sample of (91) respondents were drawn and data were analyzedwith the aid of sample percentages, frequency... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1     Background to the Study In the early 1900’s, conflict was seen as an indicator of poor organizational management which needed to be avoided, in the mid 1950’s, it was accepted passively and perceived as normal and expected; manager focused on resolving conflict, while in the 1970’s, conflict was viewed... Continue Reading
    (A STUDY OF INNOSON TECHNICAL AND INDUSTRIAL COMPANY LIMITED, ENUGU) ABSTRACT This research work examined Effects of Performance Management on Organizational Productivity. A study of Innoson Technical and Industrial Company Limited. The objectives of the study include to: determine... Continue Reading
    (A STUDY OF SELECTED FIRMS IN DELTA STATE) ABSTRACT The study takes an empirical inquiry to ascertain the Effect of Talent Management on Employee’s Productivity. The purpose of the study is to determine whether talent management has the potency to increase employee’s productivity in the... Continue Reading
    TABLE OF CONTENT DECLARATION ............................................................................................................................. i APPROVAL .................... : ...... , ....................................................................................................... ii DEDICATION ....................... ::... Continue Reading
        ABSTRACT Management has become a veritable tool in the present industrial society. For an organization to be successful, proper management is required. Management by objective (MBO) is a management technique that is used to form and implement goals that are operational. This approach usually involves the cooperative effort of both the... Continue Reading
    ABSTRACT Management has become a veritable tool in the present industrial society. For an organization to be successful, proper management is required. Management by objective (MBO) is a management technique that is used to form and implement goals that are operational. This approach usually involves the cooperative effort of both the superiors... Continue Reading
    ABSTRACT The rate of competition in the telecommunication industry in Nigeria is moving at a leap frog basis due to changes in technology, product and services, customer taste among others. This has made change management experts to emphasize on the importance of establishing organizations readiness for change and have crafted various strategies... Continue Reading
    (A CASE STUDY OF LIFE VEGETABLE OIL, NNEWI) CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY The effects of organizational structure on any worth while enterprise cannot be over emphasized. This is because organizational structure hinges on the very foundation of... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us