THE EFFECTS OF TALENT ACQUISITION AND MANAGEMENT PRACTICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (A COMPARATIVE STUDY OF WILSON’S JUICE COMPANY LIMITED AND MAYOR FARMS AND AGRO S

ABSTRACT

The biggest problem most small enterprises face is Human Resource Management. This is so because talents drive all other functional areas of organizations. Humans (Talents) are undoubtedly the greatest assets possessed by any business or organization. Yet when mismanaged, this great asset can easily be turned into the greatest of liabilities. Through an extensive review of available literature (on and offline), important aspects of talent acquisition and management were identified and examined. To examine the talent management practices of small businesses and the effect on their performance, sample data was collected from employees of Mayor Farms and Wilsons Juice Company with the aid of a structured questionnaire.Descriptive statistics involving simple percentages and frequency tables were used to analyze its impact on performance. Findings show that Small enterprises in Nigeria mostly approach talent management issues as they arise with a lack of understanding of its importance, no clear cut strategy, policies and often with practices inimical to organizational growth, whether through action or inaction. The study identified important universal talent acquisition and management practices including recruitment, selection, training and development, communication, employee engagement, succession planning and leadership amidst others as critical to organizational success. Key recommendation amidst others is that small businesses need to develop short and long term talent management strategies. Also, to improve performance and enhance results, small businesses should adopt basic talent acquisition, management and leadership best practices. These include, but are not limited to selective hiring, self managed teams, training to provide a skilled and motivated workforce, sharing information, employment security and shared leadership.

 

TABLE OF CONTENTS

Cover Page.                                                                                                                             i

Certification                                                                                                                            ii

Dedication                                                                                                                              iii

Acknowledgements                                                                                                                iv

Abstract                                                                                                                                  v

Table of Contents                                                                                                                   vi

CHAPTER ONE: INTRODUCTION

1.1       Background of the Study                                                                                           1

1:2       Statement of the Problem                                                                                          3

1.3       Aims and Objectives of the Study                                                                             4

1.4       Relevant Research Questions                                                                                    5

1.5       Relevant Research Hypothesis                                                                                   6

1.6       Significance of the Study                                                                                           6

1.7       Scope of the Study                                                                                                     7

1.8       Definition of Terms                                                                                                    7

            References                                                                                                                  9

CHAPTER TWO: LITERATURE REVIEW

2.1       Preamble                                                                                                                     10

2.2       Theoretical Framework of the Study                                                                          10

2.2.1    Evolution of Talent Management                                                                               10

2.2.2    Human Resource Management: Hard or Soft                                                             12

2.2.3    Hard Human resource management                                                                            12

2.2.4    Soft Human Resource Management                                                                           13

2.2.5    Harvard Model of Human resource Management                                                      13

2.2.6    Talent Acquisition and Management Practices                                                           15

2.2.6.1 Workforce/Manpower Planning:                                                                                 16

2.2.6.2 Attracting Talent                                                                                                         17

2.2.6.3 Recruitment & Selection                                                                                             18

2.2.6.4 Talent Management                                                                                                    19

2.2.6.5 On Boarding                                                                                                               19

2.2.6.6 Employee Engagement                                                                                               20

2.2.6.7 Measuring, Monitoring and Managing Performance                                                  20

2.2.6.8 Training and Development                                                                                         21

2.2.6.9 Leadership (Motivation, Communication and Leadership)                                        23

2.3       Empirical Review of Previous work in the area of studies                                         25

References                                                                                                                  30

CHAPTER THREE: RESEARCH METHODS

3.1       Preamble                                                                                                                     31

3.2       Research Design                                                                                                         31

3.3       Population of the Study                                                                                              32

3.4       Sampling Procedure and Sampling Size                                                                     32

3.5       Data Collection Instrument and Validation                                                               33

3.6       Method of Analysis                                                                                                    33

3.7       Limitation of the Methodology                                                                                  34

 CHAPTER FOUR: DATA PRESENTATIONS AND ANALYSES

4.1       Preamble                                                                                                                     35

4.2       Data Presentation and Analysis                                                                                  35

4.2.1    Employees Bio Data                                                                                                   35

4.2.2    Analysis of Employee Questionnaire Responses                                                       37

4.3       Discussion of Findings                                                                                               58

 

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1       Summary of Findings                                                                                                 62

5.2       Conclusion                                                                                                                  64

5.3       Recommendations                                                                                                      64

            Bibliography                                                                                                               66

            Appendix                                                                                                                    68


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APA

Mensah, K. (2018). THE EFFECTS OF TALENT ACQUISITION AND MANAGEMENT PRACTICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (A COMPARATIVE STUDY OF WILSON’S JUICE COMPANY LIMITED AND MAYOR FARMS AND AGRO S. Afribary. Retrieved from https://tracking.afribary.com/works/the-effects-of-talent-acquisition-and-management-practices-on-the-performance-of-small-and-medium-enterprises-a-comparative-study-of-wilson-s-juice-company-limited-and-mayor-farms-and-agro-se

MLA 8th

Mensah, Kofi "THE EFFECTS OF TALENT ACQUISITION AND MANAGEMENT PRACTICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (A COMPARATIVE STUDY OF WILSON’S JUICE COMPANY LIMITED AND MAYOR FARMS AND AGRO S" Afribary. Afribary, 26 Mar. 2018, https://tracking.afribary.com/works/the-effects-of-talent-acquisition-and-management-practices-on-the-performance-of-small-and-medium-enterprises-a-comparative-study-of-wilson-s-juice-company-limited-and-mayor-farms-and-agro-se. Accessed 24 Nov. 2024.

MLA7

Mensah, Kofi . "THE EFFECTS OF TALENT ACQUISITION AND MANAGEMENT PRACTICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (A COMPARATIVE STUDY OF WILSON’S JUICE COMPANY LIMITED AND MAYOR FARMS AND AGRO S". Afribary, Afribary, 26 Mar. 2018. Web. 24 Nov. 2024. < https://tracking.afribary.com/works/the-effects-of-talent-acquisition-and-management-practices-on-the-performance-of-small-and-medium-enterprises-a-comparative-study-of-wilson-s-juice-company-limited-and-mayor-farms-and-agro-se >.

Chicago

Mensah, Kofi . "THE EFFECTS OF TALENT ACQUISITION AND MANAGEMENT PRACTICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (A COMPARATIVE STUDY OF WILSON’S JUICE COMPANY LIMITED AND MAYOR FARMS AND AGRO S" Afribary (2018). Accessed November 24, 2024. https://tracking.afribary.com/works/the-effects-of-talent-acquisition-and-management-practices-on-the-performance-of-small-and-medium-enterprises-a-comparative-study-of-wilson-s-juice-company-limited-and-mayor-farms-and-agro-se