The Impact of Talent Management on Sustainable Organizational Performance of Ethiopian Large Tax Payer Manufacturing Companies
No Thumbnail Available
Date
2021-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
A.A.U
Abstract
In today’s stiff competition and knowledge-intensive business environment, human resource is considered as the most critical elements of sustainable organizational performance. That is why talent management is a concern for organizations and practitioners. The objective of this study is to determine the impact of talent management on sustainable organizational performance of large tax payer manufacturing companies in Ethiopia. It specifically analyzed the effect of talent management strategies, namely: talent attraction, talent retention, talent development and succession planning on sustainable organizational performance of large tax payer manufacturing companies. Organizational outcome and human resource outcome are used as proxies of sustainable organizational performance. 145 companies were selected using simple random sampling out of 227 large tax payer manufacturing companies. The study used survey design and desk review. A structured questionnaire was distributed and collected from 372 top level managers and employees. Structural equation modeling (SEM) was used to verify the developed hypotheses. The result of the study showed that talent attraction, talent development, and succession planning have statistically significant and positive impact on both sustainable organizational performance indicators. However, only human resource outcome is affected by talent retention. It showed that positive and significant impact on human resource outcome, whereas insignificant impact on organizational outcome. The study recommended that, all talent management strategies should be leveraged by the organizations management and organizations should plan and concentrate on their talent management practice so as to achieve sustainable organizational performance.
Description
Keywords
Talent management, human resource outcome, organizational outcome, sustainable organizational performance