Effect of Talent Management on the Performance of Listed Consumer Goods Manufacturing Firms in Nigeria

Abstract

Globalization has brought about a continuous change in business environment and manufacturing sector in particular. This results to high rate of competition among companies, to survive and outsmart the rival companies, effective and efficient talent management is the very key. The study investigated the effect of talent management on the performance of listed consumer goods manufacturing firms in Nigeria. Also other objectives includes to investigate the relationship between talent development and market expansion in listed consumer goods manufacturing firms in Nigeria and to evaluate the relationship between talent retention and sales growth in listed consumer goods manufacturing firms in Nigeria. The researcher adopted the survey research design and structured questionnaire was used as instrument for data collection. The purposive sampling technique was adopted in the study. Data analysis was committed to descriptive statistics of mean and percentages as well as inferential statistics of correlation and regression analysis. The results showed talent development positively and significantly influenced market expansion and talent retention positively and significantly boosted sales growth in consumer goods manufacturing firms in Nigeria. The study concludes that talent management is a wonderful tool for positively and significantly improving the performance of manufacturing firms in consumer goods manufacturing firms as listed by Nigeria stock exchange at 5% level of significance.   It was recommended that listed consumer goods manufacturing firms should develop sustainable procedures for attracting, developing and retaining those talents that may enhance sales growth and market expansion in their organizations.