%0 Journal Article %1 journals/is/Formica03 %A Onuorah, Meduoye Bunmi Oluwarantimi | M. N. Okeke | A. N. %D 2023 %J CENTRAL ASIAN JOURNAL OF INNOVATIONS ON TOURISM MANAGEMENT AND FINANCE %K Financial Revenue Sales Talent attraction, managemen, performance performance, retention, %N 10 %P 86-108 %T Talent Management and Financial Performance of Deposit Money Banks in Anambra State %U https://cajitmf.centralasianstudies.org/index.php/CAJITMF/article/view/629/680 %V 4 %X This study examined the relationship between talent management and financial performance of Deposit Money Banks in Anambra state. The specific objectives were to evaluate the relationship between talent attraction and sales performance; and to examine the relationship between talent retention and revenue performance. This study employed a descriptive survey research design. The population comprised mid and top-management employees of the DMBs on fixed and contract employment. The researcher identified two thousand, five hundred and eighty (2580) employees in these categories in Anambra State. A sample size of four hundred and eighty seven (487) was arrived at by applying Bill Gooden's two-stage statistical formula. The instrument of data collection in this study was a structured questionnaire. The Pearson correlation test was used to check for correlation among the variables, while, linear regression was used to empirically test the hypothesis. The simple linear regression results showed a positive significant relationship between talent attraction and sales performance (t=83.513; p<.05); and a positive significant relationship between talent retention and revenue performance (t=38.602; p<.05). Based on this the study recommended among others that managers employ strategic and effective talent attraction techniques to boost sales performance. In order to keep talented or high-potential individuals, managers should employee practices for talent retention including, but not limited to, reward management, acknowledgement of talent, and enhancing the working environment.

@article{journals/is/Formica03, abstract = {This study examined the relationship between talent management and financial performance of Deposit Money Banks in Anambra state. The specific objectives were to evaluate the relationship between talent attraction and sales performance; and to examine the relationship between talent retention and revenue performance. This study employed a descriptive survey research design. The population comprised mid and top-management employees of the DMBs on fixed and contract employment. The researcher identified two thousand, five hundred and eighty (2580) employees in these categories in Anambra State. A sample size of four hundred and eighty seven (487) was arrived at by applying Bill Gooden's two-stage statistical formula. The instrument of data collection in this study was a structured questionnaire. The Pearson correlation test was used to check for correlation among the variables, while, linear regression was used to empirically test the hypothesis. The simple linear regression results showed a positive significant relationship between talent attraction and sales performance (t=83.513; p<.05); and a positive significant relationship between talent retention and revenue performance (t=38.602; p<.05). Based on this the study recommended among others that managers employ strategic and effective talent attraction techniques to boost sales performance. In order to keep talented or high-potential individuals, managers should employee practices for talent retention including, but not limited to, reward management, acknowledgement of talent, and enhancing the working environment.}, added-at = {2024-03-06T12:35:45.000+0100}, author = {Onuorah, Meduoye Bunmi Oluwarantimi | M. N. Okeke | A. N.}, biburl = {https://www.bibsonomy.org/bibtex/204b21b7cbdd0675c4da856bab6a47eaf/centralasian_20}, ee = {http://dx.doi.org/10.1016/S0306-4379(02)00010-8}, interhash = {dc5609b335f0e7962f2ef764c0be841e}, intrahash = {04b21b7cbdd0675c4da856bab6a47eaf}, issn = {2660-454X}, journal = {CENTRAL ASIAN JOURNAL OF INNOVATIONS ON TOURISM MANAGEMENT AND FINANCE}, keywords = {Financial Revenue Sales Talent attraction, managemen, performance performance, retention,}, language = {english}, month = oct, number = 10, pages = {86-108}, timestamp = {2024-03-06T12:35:45.000+0100}, title = {Talent Management and Financial Performance of Deposit Money Banks in Anambra State}, url = {https://cajitmf.centralasianstudies.org/index.php/CAJITMF/article/view/629/680}, volume = 4, year = 2023 }