Examining the effect of talent management on employee retention, productivity, and satisfaction
A study of selected insurance firms in Akure, Ondo State, Nigeria
DOI:
https://doi.org/10.12712/rpca.v.193.68758Resumo
This study investigates the impact of talent management on employee productivity, retention, and job satisfaction in selected insurance firms in Akure, Ondo State. A sample of 137 employees, determined using the Taro Yamane formula, was surveyed through a structured questionnaire. Simple regression analysis was employed to analyze the data. The findings reveal that talent management significantly and positively affects all three variables. Specifically, 56.8% of the variability in employee productivity, 71.4% of the variability in employee retention, and 47.7% of the variability in job satisfaction are explained by talent management practices. The study underscores the importance of effective talent management strategies in enhancing organizational performance and employee well-being. Recommendations include the implementation of comprehensive talent management frameworks that incorporate continuous learning, career progression, and fair compensation to foster a productive, loyal, and satisfied workforce. Future research should explore these relationships across different industries and regions, considering the potential moderating effects of organizational culture and leadership styles.
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