TALENT MANAGEMENT AND EMPLOYEE JOB SATISFACTION

TALENT MANAGEMENT AND EMPLOYEE JOB SATISFACTION

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND TO THE STUDY

Talent management involves the competence of   recruiting, retaining, and producing the best talented employees existing in an available job market. Talented employees attract benefits to the organization in providing customer satisfaction, quality service, high revenue yield, lower cost, high productivity, cycle time, and market capitalization. Talent management provides the organization with employees with its relevant knowledge, quality skills, high potentials and cognitive abilities. Job satisfactions constitute a vital factor in employee retention as either a talent employee is satisfied with the job or quits the job. Consequently, it is vital for career success. Job satisfaction leads to the increase of employee’s individual’s performance and personal satisfaction. (Sayaadi, 2012).

Talent management, places employees on the right jobs with clear career path thereby leading to employees’ job satisfaction Inspite of the benefit of talent management the greater challenge lies on the preservation of this talented workers in view of the competitive business environment offering new opportunities to employees. It is also pertinent to note that only few organization focuses on talent management and their leadership structure in the process of human resource and organizational management. They invest on new technologies, operating systems and software planning but lack the competence of Talent management even when the ultimate success of the firm lies with talented staff. While modern organizations, knows their improvements depend on the staff investment and trying to guide talent staff to the ultimate success (sueem, 2009) (Taj al-Din and Maali tafti, 2008). The research therefore seeks investigate talent management and employee satisfaction with a case study of selected Banks in lagos.

1.2 STATEMENT OF THE PROBLEM

Talent management involves the competence of   recruiting, retaining, and producing the best talented employees existing in an available job market. Talented employees attract benefits to the organization in providing customer satisfaction, quality service, high revenue yield, lower cost, high productivity, cycle time, and market capitalization. Inspite of the benefit of talent management the greater challenge lies on the preservation of this talented workers in view of the competitive business environment offering new opportunities to employees. It is also pertinent to note that only few organization focuses on talent management and their leadership structure in the process of human resource and organizational management. They invest on new technologies, operating systems and software planning but lack the competence of Talent management even when the ultimate success of the firm lies with talented staff. While modern organizations, knows their improvements depends on the staff investment and trying to guide talent staff to the ultimate success (sueem, 2009). (Oliver, 2010). The problem confronting the research is to determine Talent management and employee satisfaction with a case study of selected banks in Lagos. Talent management and employee job satisfaction a study of selected commercial banks in lagos Nigeria

1.3 OBJECTIVES OF THE STUDY

To describe the various talent management practices in selected commercial banks in Lagos.

To determine the roles of talent management on job satisfaction in selected commercial banks.

To estimate the relationship between job satisfaction and employee engagement in commercial banks.

1.4  RESEARCH QUESTIONS

i.  What are the various talent management practices in selected commercial banks in Lagos?

ii.  what are the roles of talent management on job satisfaction in selected commercial banks?

iii. What is the relationship between job satisfaction and employee engagement?

1.5  SIGNIFICANCE OF THE STUDY

The study is particularly important in view of the gains associated with the application of Talent management system in the organization. The study shall elucidate on the nature and role of talent management in enhancing employee satisfaction.

1.6  RESEARCH HYPOTHESIS

Ho: The impact of Talent management on Employee Satisfaction in selected commercial banks in Lagos is Low

Hi: The impact of Talent management on Employee Satisfaction in selected commercial banks in Lagos is high

1.7  SCOPE OF THE STUDY

The study focuses on the appraisal of Talent management and employee satisfaction. A case study of selected banks in Lagos

1.8  LIMITATIONS OF THE STUDY

The research was confronted by some constraints including logistics and geographical factors.

1.9  DEFINITION OF TERMS

Talent Management Talent management involves the competence of   recruiting, retaining, and producing the best talented employees existing in an available job market. Talented employees attract benefits to the organization in providing customer satisfaction, quality service, high revenue yield, lower cost, high productivity, cycle time, and market capitalization.

Talent marketplace Talent market place constitute as the employee training and development strategy within an organization.