An Assessment of Talent Acquisition Strategies and Their Impact on Business Success in United Bank for Africa, Katsina State
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Background of the Study
Talent acquisition refers to the process of attracting, identifying, and hiring skilled individuals to meet the organization’s needs. In the competitive banking sector, effective talent acquisition strategies are crucial for business success. United Bank for Africa (UBA) is one of Nigeria's leading banks, with a significant presence in Katsina State. The bank’s ability to attract and retain top talent is central to maintaining its competitive position in a fast-paced financial industry.
In Katsina State, UBA faces challenges related to local market conditions, such as talent shortages and regional economic factors. The bank must develop robust talent acquisition strategies that can overcome these barriers and attract high-performing employees. Effective recruitment practices, employer branding, and partnerships with local institutions are essential for building a skilled workforce capable of meeting the demands of the banking sector. The link between talent acquisition and business success is well-documented, but the specific strategies that contribute to success in the context of UBA’s Katsina operations have not been comprehensively explored.
This study aims to assess UBA's talent acquisition strategies and their impact on the bank’s business success in Katsina State, focusing on recruitment practices, employee engagement, and the alignment of acquired talent with organizational goals.
Statement of the Problem
UBA’s ability to attract and retain skilled talent in Katsina State is an ongoing challenge, despite the bank's efforts to implement comprehensive recruitment strategies. The local market conditions and regional economic factors complicate the recruitment process, potentially limiting the bank’s ability to meet its strategic objectives. This study seeks to identify which talent acquisition strategies are most effective in ensuring the bank’s continued success in Katsina State and how they contribute to the overall organizational performance.
Objectives of the Study
1. To assess the effectiveness of UBA's talent acquisition strategies in Katsina State.
2. To analyze the impact of talent acquisition on business success at UBA in Katsina State.
3. To identify the key factors influencing UBA’s talent acquisition strategies in Katsina State.
Research Questions
1. How effective are UBA’s talent acquisition strategies in Katsina State?
2. What is the impact of talent acquisition on business success at UBA in Katsina State?
3. What factors influence UBA’s talent acquisition strategies in Katsina State?
Research Hypotheses
1. UBA’s talent acquisition strategies significantly contribute to the bank’s business success in Katsina State.
2. There is a positive relationship between the effectiveness of talent acquisition strategies and organizational performance at UBA in Katsina State.
3. Local market factors significantly influence UBA’s talent acquisition strategies in Katsina State.
Scope and Limitations of the Study
This study will focus on UBA’s operations in Katsina State, examining its talent acquisition strategies and their effect on business success. Limitations include possible biases in self-reported data, as well as challenges in isolating the impact of talent acquisition from other factors influencing business success.
Definitions of Terms
• Talent Acquisition: The process of finding and hiring skilled employees to meet organizational needs.
• Business Success: The achievement of organizational goals, including profitability, market share, and employee satisfaction.
• Recruitment Practices: The methods and strategies used by organizations to attract and hire qualified candidates.
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