Strategic talent management: Enhancing corporate performance and governance

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Abstract

This research aims to investigate the connection between talent management practices and job satisfaction among skilled employees in corporate settings in Tirana and Durrës, Albania. It is based on the author’s previous research (Cania, 2016). The methodology used a multiple regression model, verified earlier by factor analyses, reliability analyses, and multicollinearity. The research focused on five critical aspects of talent management: performance and engagement, collaboration and communication, impact on business results, initiative beyond defined roles, and broader influence on the company. The study emphasizes the importance of effective talent management in improving employee satisfaction and organizational performance. It offers a methodological framework for companies and policymakers to develop strategies that promote a positive work environment and drive economic growth. Moreover, the study’s findings can be directly utilized to enhance company talent management practices, thereby improving employee satisfaction, organizational performance, and policymakers to enhance their talent management strategies. Additionally, the study suggests potential future research directions, such as examining sector-specific impacts and the role of government policies in optimizing talent management practices, to enrich further our understanding of this crucial area and its practical application in the real world, stimulating curiosity and interest in the ongoing advancement of the field.

Keywords: Talent Management, Job Satisfaction, Employee Engagement, Collaboration and Communication, Business Performance, Human Resources Management, Organizational Performance, Talent Development, Employee Retention

Authors’ individual contribution: Conceptualization — L.C. and L.P.; Methodology — L.C.; Formal Analysis — L.P.; Investigation —L.C and L.P.; Resources — L.P.; Writing — Original Draft — L.C.; Writing — Review & Editing — L.P.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: J24, J28, O15, P17

Received: 03.04.2024
Accepted: 18.10.2024
Published online: 23.10.2024

How to cite this paper: Cania, L., & Prendi, L. (2024). Strategic talent management: Enhancing corporate performance and governance. Corporate Law & Governance Review, 6(3), 103–112. https://doi.org/10.22495/clgrv6i3p11