The Effect of Talent Management Practices on Organizational Success: Experience from Amhara Bank S.C. - Welkite Branch

Abstract

In today's dynamic and competitive banking environment, talent management is crucial for organizational success. This study investigates the impact of talent management practices on the performance of Amhara Bank S.C. Welkite Branch. It examines how specific practices such as aligning talent management with corporate strategy, recognizing and rewarding high-potential employees, conducting talent reviews, and providing performance feedback affect organizational success within the branch. An exploratory and explanatory research design was used. The target population consisted of 32 employees at the Welkite Branch. A total employees, representing a cross-section of the branch's workforce was surveyed. Data was collected through questionnaires, interviews, and document review. Statistical software (e.g., SPSS) was used to analyze the data. The study found that talent management practices such as linking talent management strategy with corporate strategy, recognizing and rewarding high potentials and performers as well as conducting talent review sessions had a significant positive influence on organizational success. However, the study found that regular performance appraisals did not have a significant impact on organizational success. It is recommended that Amhara Bank S.C should improve and emphasize its talent management practices; as doing so brings about greater organizational success. The particular practices should include linking talent management strategy with corporate strategy, recognizing and rewarding high potentials and performers as well as conducting talent review sessions. The study suggests that future researchers should employ other elements as independent variables under talent management practices and investigate their effects on organizational success. The study recommends that Amhara Bank S.C., Welkite Branch further strengthens its talent management practices. This includes enhancing the alignment of talent development with the bank's strategic objectives, developing more robust and transparent recognition and reward programs, and improving the effectiveness and fairness of performance feedback mechanisms. Further research could explore the specific challenges and opportunities for talent management within the Ethiopian banking sector, considering factors such as industry regulations, economic conditions, and cultural nuances. Keywords: Talent, Talent Management, Talent Management Practices, Organizational Success, Banking, Human Capital, Ethiopia.