Leveraging Strategic Talent Management for Sustainable Business Growth: Insights from Asian Enterprises
DOI:
https://doi.org/10.66635/g01ftk18Keywords:
Strategic Talent Management, Sustainable Business Growth, Organizational Culture, Asian Enterprises, Human Resource ManagementAbstract
This research explores the impact of strategic talent management on sustainable business growth, in Asian businesses. Talent management is increasingly important as businesses struggle with issues such as skill shortages, retention rates, and ensuring the human resource strategy supports business strategy. This research is quantitative in nature, and the data for the study is gathered from 180 respondents through a questionnaire from various sectors such as IT, manufacturing, banking, finance, health and education. The data was analysed using descriptive statistics, correlation, regression and reliability analysis to examine the inter-relationship between strategic talent management, business growth and organisational culture. The results show that there is a positive relationship between talent management and business growth, with regression analysis showing talent management accounts for 60% of the variance in business growth. Inclusion of organizational culture raises the explanatory power to 66% showing its positive effect. The findings suggest that recruitment and selection, training and development, performance appraisal, leadership development and retention play a vital role in enhancing the performance of an organisation. It also stresses the importance of a supportive culture in enhancing the effectiveness of talent management on growth.
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