Factors Affecting Talent Management with a Focus on Internal Reward: A Case Study of Barfab Company

Abstract

Employee talent management is of strategic importance for all organizations worldwide. Organizations are facing with numerous problems related to attraction and maintenance of the talented personnel needed to support their operations. Organizations that experience high rates of personnel quit need to enhance their methods of recruiting, professionally developing, motivating, retaining and transferring their talented employees within the organization. This applied descriptive ex-post-facto study examined the factors affecting talent management with a focus on internal reward in Barfab Company, Shahr-e-Kord in 2017. The research population consisted of 1347 employees 300 of whom were selected randomly. The data collection instrument used was a piloted questionnaire which was proved valid and reliable. The collected research data were analyzed using Lisrel, structural equation modeling and factor analysis. The results revealed that the four facets of social responsibility, management support, performance management and internal rewards had significant effects on talent management and that talent management had significant impacts on job satisfaction, organizational success and reduction of tendency to quit.

Keywords

• internal rewards
• performance management
• social responsibility
• support management
• talent management