Background of the Study
Talent management refers to the process of attracting, developing, retaining, and utilizing individuals with high potential within an organization (Akanbi & Olayanju, 2024). The Nigerian Stock Exchange (NSE), as a critical institution in Nigeria’s financial system, requires a robust talent management strategy to remain competitive and innovative. Talent management strategies typically include recruitment, training, career development, performance management, and succession planning (Okonkwo & Onwumere, 2023). For the NSE, these strategies are vital for acquiring and retaining top talent in an increasingly competitive financial landscape.
In Jigawa State, where the NSE's regional offices are based, talent management plays a critical role in ensuring that the institution attracts highly skilled professionals capable of driving its vision. The NSE’s ability to recruit and retain top talent is central to achieving its organizational goals, such as maintaining market integrity, expanding services, and navigating global financial markets. While there are numerous studies on talent management in various sectors, the application and effectiveness of these strategies at the NSE, particularly in Jigawa State, remain under-researched. This review seeks to examine the current talent management strategies at the NSE and evaluate their effectiveness in fostering a talented and committed workforce.
Statement of the Problem
Despite the importance of talent management strategies in attracting and retaining qualified professionals, there is a lack of research focusing on the specific talent management practices employed by the Nigerian Stock Exchange in Jigawa State. The problem lies in understanding how well these strategies align with the institution's goals and the challenges faced in implementing them. The lack of empirical data on the effectiveness of talent management at the NSE in Jigawa State raises questions about the long-term sustainability of the organization’s human capital practices. This review aims to investigate these gaps and provide recommendations for improving talent management strategies.
Objectives of the Study
1. To explore the talent management strategies employed by the Nigerian Stock Exchange in Jigawa State.
2. To assess the effectiveness of these strategies in attracting and retaining top talent at the NSE.
3. To identify challenges and propose improvements to the talent management strategies at the Nigerian Stock Exchange.
Research Questions
1. What are the key talent management strategies employed by the Nigerian Stock Exchange in Jigawa State?
2. How effective are the talent management strategies in attracting and retaining talent at the Nigerian Stock Exchange?
3. What challenges does the Nigerian Stock Exchange face in implementing effective talent management strategies in Jigawa State?
Research Hypotheses
1. The talent management strategies employed by the Nigerian Stock Exchange are effective in attracting and retaining top talent in Jigawa State.
2. There is a significant relationship between talent management practices and employee retention at the Nigerian Stock Exchange in Jigawa State.
3. The Nigerian Stock Exchange faces challenges in effectively implementing talent management strategies in Jigawa State.
Scope and Limitations of the Study
This review will focus on the talent management strategies at the Nigerian Stock Exchange in Jigawa State, analyzing their effectiveness in attracting and retaining talent. The limitations include the fact that the study relies on existing literature, and there may be challenges in accessing proprietary data or confidential strategies used by the NSE.
Definitions of Terms
• Talent Management: A strategic approach to attracting, developing, and retaining top talent within an organization.
• Employee Retention: The ability of an organization to keep its employees, especially high-performing ones, over time.
• Succession Planning: The process of identifying and developing internal employees with the potential to fill key leadership positions in the future.
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