Title:
TALENT MANAGEMENT PRACTICES AND EMPLOYEE RETENTION IN TANZANIA COMMERCIAL BANKS

Authors:
Haika Yesaya Mzava and Elias Adolf Tarimo, Tanzania

Abstract:
Employee retention and talent management issues are becoming the most critical workforce management challenges in modern organization. This paper set out to address the effect of talent acquisition and talent reward on employee’s retention in Commercial Banks in Tanzania. Human resource departments with a population of 40 individuals were selected to represent the whole population of the CRDB Bank PLC Headquarters. Structured questionnaire based on five points Likert scale was used to collect primary data. Data were analyzed through descriptive and inferential analysis with the help of SPSS version 25.The paper used statistical graphs, percentages and numbers to present data. Results have proved that: talent acquisition and talent rewards both have a positive impact on employee’s retention. Talent rewards had the correlation of (r= 0.878, p< 0.01) while talent acquisition had the coefficient of (r=802, p< 0.01). The paper recommends that, CRDB Bank should introduce new rewarding strategies to keep talent in the organization for a long period of time.