Talent Management as a Strategic Imperative for Value Creation: A Critical Analysis of Talent Management Practice Among State-Owned Enterprises (SOEs) in Maldives

The State-owned enterprises (SOEs) are key revenue generators for the government and hold a dominant position in providing essential goods and services across Maldives. Unlike the private sector, public enterprises face unique challenges in investing in human resource development as they have limited budgets and are often controlled by the government. This requires SOEs to systematically recruit, develop, and retain their employees to improve performance and continuously add value. Many proceeding researchers in this area have focused on the effect of talent management practices on organisational performance and value creation in various contexts in different countries. Hence, the present study specifically investigated the impact of talent attraction, learning and development, career management and talent retention on organisational performance and value creation in SOEs in Maldives. The study adopted quantitative research method. A survey was conducted among 273 SOE employees (senior and middle management level) who represented seven major industry sectors using a structured self-administered questionnaire. The present study utilised a simple stratified random sampling technique to enable the respondents from the seven SOE strata to fall into. Multi-regression and correlation analysis are used to test the strength of the relationship between the dependent and the independent variables. The study found that talent management practices positively impact organisational performance and thus helped SOEs to add value to their organisations. The findings also showed a positive mediating impact of talent alignment on talent management practices and organisational performance. The study findings are significant for HR practitioners and top management of SOEs to develop more practical and effective talent management approaches and strategies that are more local in context to improve their organisations' performance and help them add more value. On the other hand, the present research findings are also significant to the government in developing effective policy strategies for workforce skill development.

Name dc:type.qualificationname

dba

Level dc:type.qualificationlevel

doctoral

Grantor dc:publisher.institution

University of Wales Trinity Saint David

Year dc:date.issued

2024

Author dc:creator

• Abdulla, Mohamed

• HD28 Rheoli. Rheoli Diwydiannol

Dc Identifier Grantnumber

UWTSD

OAI identifier oai:identifier

oai:repository.uwtsd.ac.uk:3284