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
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
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.
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 >.
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