TALENT MANAGEMENT PRACTICES AND PRODUCTIVITY OF SAVINGS AND CREDIT COOPERATIVE SOCIETIES IN KENYA: A CASE STUDY OF STIMA SACCO SOCIETY LIMITED
Abstract
The environment for most organizations today is, complex, dynamic, highly competitive, and extremely volatile, and is likely to remain so for years to come. Amongst to these conditions, most organizations are also facing several other challenges like: talent flow, managing of two generations of employees, viz., older or mature workers and younger workers and a shortage of needed competencies. 'People-driven' businesses are becoming predominant. The purpose of this study is to analyze talent management processes in savings and credit cooperative societies in Kenya in relation to organizational performance. This study used descriptive survey method to collect both qualitative and quantitative data that helped in analyzing talent management processes in the SACCO industry. The study population was Stima SACCO Society Limited as it is one of the SACCO serving members from a wider background. It targeted twenty staff of Stima SACCO, from top management, supervisory and subordinate levels. The study used purposive sample to select the top management, supervisory level staff and the subordinate staff. The study used primary data collected using structured and unstructured questionnaires. A pilot study was conducted to test the reliability of the questionnaire and the interview guides. The collected data was recorded in an electronic spreadsheet and analyzed using Statistical Package for Social Sciences (SPSS) so as to aid in presenting the findings using tables, pie charts and bar charts.
The study revealed that there is a relationship between the overall level of satisfaction, the SACCO’s performance and various aspect of the work or organizational attributes such as motivation level, effectiveness of the recruitment process, the effectiveness of the evaluation policies, effectiveness of, have an association with ones level of job satisfaction and the overall performance. It is evident that today’s war for talent is a direct result of the desire of companies’ to identify the key factor which is essential to keep people loyal to the organization. Finally, analysis of the organizational situation discerns the state of talent management within a company. It defines who owns talent management, how it is supported by senior leadership, what systems will support individual initiatives, and the role of HR in executing the strategy.
Key Words: Attraction and Recruitment, Training and Development, Organization Productivity, Talent Management Practices, Stima SACCO
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DOI: http://dx.doi.org/10.61426/sjbcm.v3i4.313
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