Relationship between Talent Management and Labour Turnover in Nigeria banking sector.

Abstract

It is commonly understood that engaged employees are motivated to contribute to the success of the organization. Literature also reveals that work engagement which comes from job satisfaction is derived from effective career management practices, which results in lower employee turnover and productivity of the organization. Survey research method was adopted. Simple random sampling technique was employed to select respondents from the stratums of managers and non-managerial staff from each branch of then Bank. While 178 respondents represent the study sample size. Data obtained were analyzed with the help of Statistical Package for Social Sciences (SPSS) software. Pearson Product Moment Correlation analysis was used to test the hypotheses at 0.05 level of Significance. The findings revealed that there is a positive and significant relationship between Career management and employee engagement and also that employee engagement and labour turnover are significantly related. The study concludes that career management has significant effect on employee engagement and invariably labour turnover in GT Bank Ilorin, Nigeria. The study recommends that Effective and efficient talent management must be put in place. This implies; right recruitment, development, motivation and retention of talents to minimize Employee disengagement.

Keywords:Talent Management, Employee Engagement, Labour Turnover, Employee       Commitment and Job Performance.