Abstract

Talent management and employee retention are one of the challenges facing many organizations in both public and private sectors. Retention of talented employees has become an even greater challenge confronting human resource practitioners. Organisations in Malawi are operating in a highly competitive environment owing to today’s rapidly moving dynamic, uncertain and highly competitive global markets. The increasing importance of talent management in the modern and competitive business world has therefore initiated a need to focus on managing talent as an organizations competitive asset. The objective of this study was to examine employee perceptions on the effects of talent management on employee retention at NICO Holdings Limited in Malawi. Specifically, the objectives were to establish whether recruitment, succession planning, training and development and performance management influenced employee retention at NICO Holdings Limited. The study adopted the descriptive research design and the target population for this study comprised of 289 staff working at the organisation. The study had a sample frame of 92 respondents with a sample size of 50,and the target population included supervisors, middle level management and senior management as talent managment at NICO Holdings Limited only targets those levels. Data was collected with the help of interview guides and questionnaires, which were both structured and semi structured. Quantitative data was analysed using excel and presented in form of pie charts, graphs and tables. Qualitative data was analysed manually and involved classification of themes. The research findings indicated that among other factors; recruitment, succession planning, training and development and performance management have a great influence on employee retention at NICO Holdings Limited. The study recommends that another study be carried out using a larger sample size and in a different study setting in order to compare results and generalize results for the insurance sector. Further studies focusing on succession planning and talent management or retention should also be explored.

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School	: School of Law, Economics and Government
Issued Date	: 2022

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