The impact of talent management on innovation: The empirical study of pharmaceutical companies

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Abstract

The main objective of this study is to investigate talent management (TM) on innovation in Jordanian pharmaceutical companies. TM can enable employees to develop the necessary skills, knowledge, and abilities to implement innovative ideas (Ibrahim & AlOmari, 2020; Mohammed et al., 2018). The quantitative method was used to conduct this study to make the results of the study statistically significant and empirical. Data from the study has been collected by utilizing a questionnaire, which was handed out to 400 managers and employees in Jordanian pharmaceutical companies. Only, 295 retrieved questionnaires were usable for analysis. Sequentially, the Statistical Package for the Social Sciences (SPSS) software program was used to analyze of study data. The findings of the study showed that TM affected on innovation significantly and positively. Also, the results of the study statistics showed a positive significant impact of TM dimensions, identifying critical positions, competence training, development, and reward management on innovation. On the basis of the results, this study conducted some recommendations: Jordanian pharmaceutical companies should offer training and development programs to help employees build and deepen their knowledge and skills. As well as to providing incentives such as bonuses and stock options to retain high-performing employees. Hence, Jordanian pharmaceutical companies should focus on fostering a culture of innovation and collaboration that encourages employees to share their ideas and knowledge.

Keywords: Talent Management, Innovation, Pharmaceutical Companies, Jordan

Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

Declaration of conflicting interests: The Author declares that there is no conflict of interest.

JEL Classification: M12, O32, O36

Received: 18.05.2023
Accepted: 16.04.2024
Published online: 18.04.2024

How to cite this paper: Alzuod, M. A. (2024). The impact of talent management on innovation: The empirical study of pharmaceutical companies. Corporate & Business Strategy Review, 5(2), 72–79. https://doi.org/10.22495/cbsrv5i2art6