CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF 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
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.
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The study will provide information to the government, policymakers, and development partners about the relationship between motivation and staff retention in public second cycle institutions, as well as its development.
The study will be useful to the organization's managers and stakeholders. The study's findings have implications for organizational principals who hold managerial positions.
The findings of this research work will undoubtedly provide the much needed information to government organizations, food and hospitality sector and academia.
In addition to providing some insight into the challenges at hand, the study will also act as a source of literature for future research.
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