The Effect of Strategic Talent Identification and Acquisition on Competitive advantage in Commercial Banks
Keywords:
Strategic Talent Management. Competitive advantage, Talent identification and acquisitionAbstract
Effective Strategic Talent Management is becoming increasingly important in the creation of organizations competitive advantage. It is conceived as the activities and processes that lead to identification of key positions which contribute to the organization’s competitive advantage. Talent identification and acquisition is one of the key strategies used by organizations to have a competitive edge vis-à -vis their competitors. This study sought to determine the effect of strategic talent identification and acquisition on competitive advantage in commercial banks within Nakuru town. The specific objective was to determine the effect of strategic talent identification and acquisition on competitive advantage. Resource based view and balanced scorecard were adopted as theories for the study. Purposive sampling method was used to select 62 respondents from the selected banks .Data was collected by use of structured questionnaire which was administered through face-to –face interview and it was analyzed using both descriptive and inferential statistics (correlation and regression analysis) .The findings showed that the level of talent identification and acquisition was high and it significantly influenced the level of competitive advantage within banks. The study recommended that banks should invest more on acquiring the right talents and aligning them with the overall goals since they are key contributors to achieving competitive advantage.
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