ASSESSMENT OF THE EFFECT OF TALENT ACQUISITION STRATEGY ON ORGANIZATIONAL PERFORMANCE OF REAL ESTATE FIRMS IN NAIROBI COUNTY, KENYA
Abstract
Purpose of Study: The study sought to assess the effect of talent acquisition strategy on performance of real estate firms in Kenya.
Problem Statement: Globally, the real estate sector has had various challenges like increased competition, changing consumer behaviour, changing economic trends, Inflation and fluctuating Interest rates among others. In Kenya for example, challenges include; access to finance, land ownership and titling issues, market fluctuations, bureaucracy, corruption, changing economic trends and limited access to information. The challenges have led to high turnover rate and poor employee performance in the real estate industry.
Methodology: The study used a descriptive research design and targeted 382 managers drawn from top level management, middle level management and first line management who work in the real estate firms. A sample size of 115 participants was chosen through proportionate stratified sampling. SPSS version 28 aided data analysis involving both inferential statistics (correlation and regression analysis) and descriptive statistics (measures of frequency, central tendency and dispersion).
Result: Regression coefficient results showed that talent acquisition strategy (β = 0.322, p = 0.000) had a positive and significant effect on organizational performance.
Conclusion: The study concludes that effective implementation of talent acquisition strategy enhances organizational performance by improving employee skills, motivation, and overall efficiency.
Recommendation: It is recommended that real estate firms in Nairobi County regularly review and refine their talent acquisition practices to sustain high performance levels.
Keywords: Talent Acquisition, Organizational Performance, Real Estate Firms, Human Resource Strategy, Nairobi County
References
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Sholesi, O. Y., Adewale, O. R., & Adeniyi, A. O. (2022). A. O. Succession Planning and Organizational Performance: Evidence from a Manufacturing Organization in Nigeria. International Journal of Social Science Research and Review, 5(11), 90–104. https://doi.org/10.47814/ijssrr.v6i11.631
Snelson, C. L. (2016a). Qualitative and Mixed Methods Social Media Research: A Review of the Literature. International Journal of Qualitative Methods, 15(1), 160940691562457. https://doi.org/10.1177/1609406915624574
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Tetik, S. (2017). Talent Management: A Review of Theoretical Perspectives and a Guideline for Practioners. Nile Journal of Business and Economics, 2(4), 40. https://doi.org/10.20321/nilejbe.v2i4.77
Wu, M. J., Zhao, K., & Fils-Aime, F. (2022). Response rates of online surveys in published research: A meta-analysis. Computers in Human Behavior Reports, 7, 100206. https://doi.org/10.1016/j.chbr.2022.100206
Yuniati, E., Soetjipto, B. E., Wardoyo, T., Sudarmiatin, S., & Nikmah, F. (2021). Talent management and organizational performance: The mediating role of employee engagement. Management Science Letters, 11(9), 2341–2346. https://doi.org/10.5267/j.msl.2021.5.007
Ahmed, M. A. (2020). Effect of Succession Planning On Organization Performance: A Case of Family Bank, Kenya [United States International University- Africa]. https://erepo.usiu.ac.ke/bitstream/handle/11732/6012/MARIAM%20A.%20AHMED%20MBA%202020.pdf?sequence=1&isAllowed=y
Almohtaseb, A. A., A Kareem Shaheen, H., Mohummed Alomari, K., & Yousef Almahameed, M. A. (2020). Impact of Talent Management on Organizational Performance: The Moderating Role of an Effective Performance Management System. International Journal of Business and Management, 15(4), 11. https://doi.org/10.5539/ijbm.v15n4p11
Alruwaili, N. F. (2018). Talent management and talent building in upgrading employee performance. European Journal of Sustainable Development, 7(1). https://doi.org/10.14207/ejsd.2018.v7n1p98
Babu, M. N., Reddy, S., Gnanaprasuna, E., Madhavi, Y., & Susendiran, S. (2022). Impact Of Talent Management On Organisational PerformanceMediating Role Of Talent Acquisition, Talent Retention, And Employee Engagement. 6(11). https://journalppw.com/index.php/jpsp/article/view/14013
Cheraisi, E., & Busolo, H. (2020). Effect of Talent Attraction on Organizational Performance: A Case of Hotels in South Rift Region, Kenya. European Journal of Business and Management. https://doi.org/10.7176/EJBM/12-6-02
Chol, P. (2017). Factors influencing real estate Investment in Kenya; a case of Uasin Gishu County, Kenya [Unpublished Thesis, University of Nairobi]. http://erepository.uonbi.ac.ke/bitstream/handle/11295/103069/Chol_Factors%20Influencing%20Real%20Estate%20Investment%20in%20Kenya-%20a%20Case%20of%20Uasin%20Gishu%20County,%20Kenya.pdf?sequence=1
Collings, D. G. (2014). Integrating global mobility and global talent management: Exploring the challenges and strategic opportunities. Journal of World Business, 49(2), 253–261. https://doi.org/10.1016/j.jwb.2013.11.009
Frimpong, A. A., Emmanuel, A. K., Amoako, P. E., & Kyereh, A. (2016). The Role of Talent Management on Organizational Performance Focusing on Ghana Revenue Authority, Sunyani. European Journal of Business and Management.
Karunathilaka, K. G. G. S. (2020). Talent acquisition as a strategic tool of business performance. PEOPLE: International Journal of Social Sciences, 6(1), 141–156. https://doi.org/10.20319/pijss.2020.61.14156
Kibunyi, D., Wagura Ndiritu, S., Carcel, H., & Gil-Alana, L. A. (2017). Real estate prices in Kenya: Is there a bubble? Journal of Housing and the Built Environment, 32(4), 787–804. https://doi.org/10.1007/s10901-017-9541-x
Kitayi, S. N. (2017). Effects of Succession Planning On Organizational Performance of Family Owned Businesses in the Horticulture Industry: A Case Study of Mara Farming Limited. Management University of Africa.
Knott, E. (2016). The effect of talent management practices on employee performance among real estate companies in Kenya: A case of Suraya Property Group Limited. [United States International University- Africa]. https://erepo.usiu.ac.ke/bitstream/handle/11732/3125/Erica%20Knott%20MBA%202016.pdf?sequence=1&isAllowed=y
Kontoghiorghes, C. (2016). Linking high performance organizational culture and talent management: Satisfaction/motivation and organizational commitment as mediators. The International Journal of Human Resource Management, 27(16), 1833–1853. https://doi.org/10.1080/09585192.2015.1075572
Kothari, B. L. (2011). Research methodology: Tools and techniques (2. ed). ABD Publ.
Latukha, M. O. (2018). Talent development and a firm’s performance: Evidence from Russian companies. Journal of General Management, 43(2), 51–62. https://doi.org/10.1177/0306307017740182
Liu, G. (2022). Research on Prediction and Analysis of Real Estate Market Based on the Multiple Linear Regression Model. Scientific Programming, 2022, 1–8. https://doi.org/10.1155/2022/5750354
Motari, R. (2018). Training and empowerment practices as a source of competitive advantage in service delivery and organizational performance of savings and credit cooepratives in Nakuru County. http://erepository.uonbi.ac.ke/bitstream/handle/11295/106109/Motari_Training%20and%20Empowerment%20Practices%20as%20a%20Source%20of%20Competitive%20Advantage%20in%20Service%20Delivery%20and%20Organizational%20Performance%20of%20Savings%20and%20Credit%20Cooperatives%20in%20Nakuru%20County..pdf?sequence=1
Mung’uri, J. G. (2021). Competitive Advantage and Performance of Real Estate Development Firms in Nairobi City [University of Nairobi]. http://erepository.uonbi.ac.ke/bitstream/handle/11295/157169/John%20Githiri%20Munguri-%20Project.pdf?sequence=1
Nduati, J., & Memba, F. (2017). Factors affecting the growth of real estate in Kenya. 4(2), 531–549.
Ngigi, P. (2021). Factors influencing investment in real Estate by developers in Kenya: A case study Of Nairobi county. [Unpublished Thesis, United States International University- Africa]. https://erepo.usiu.ac.ke/bitstream/handle/11732/7093/Ngigi%20Peter%20MBA%202021.pdf?sequence=1&isAllowed=y
Ooko, S. (2017). Human Resource Management Practices and Organizational Performance: A Case of Selected Real Estate Firms in Nairobi Kenya [Unpublished Thesis, Kenyatta University]. https://ir-library.ku.ac.ke/bitstream/handle/123456789/19123/Human%20Resource%20Management.pdf?sequence=1&isAllowed=y
Rozario, S., Venkatraman, S., Chu, & Abbas, A. (2020). Enabling Corporate Sustainability from a Talent Acquisition Perspective. Journal of Sustainability Research, 2(2). https://doi.org/10.20900/jsr20200014
Sholesi, O. Y., Adewale, O. R., & Adeniyi, A. O. (2022). A. O. Succession Planning and Organizational Performance: Evidence from a Manufacturing Organization in Nigeria. International Journal of Social Science Research and Review, 5(11), 90–104. https://doi.org/10.47814/ijssrr.v6i11.631
Snelson, C. L. (2016a). Qualitative and Mixed Methods Social Media Research: A Review of the Literature. International Journal of Qualitative Methods, 15(1), 160940691562457. https://doi.org/10.1177/1609406915624574
Snelson, C. L. (2016b). Qualitative and Mixed Methods Social Media Research: A Review of the Literature. International Journal of Qualitative Methods, 15(1), Article 1. https://doi.org/10.1177/1609406915624574
Tetik, S. (2017). Talent Management: A Review of Theoretical Perspectives and a Guideline for Practioners. Nile Journal of Business and Economics, 2(4), 40. https://doi.org/10.20321/nilejbe.v2i4.77
Wu, M. J., Zhao, K., & Fils-Aime, F. (2022). Response rates of online surveys in published research: A meta-analysis. Computers in Human Behavior Reports, 7, 100206. https://doi.org/10.1016/j.chbr.2022.100206
Yuniati, E., Soetjipto, B. E., Wardoyo, T., Sudarmiatin, S., & Nikmah, F. (2021). Talent management and organizational performance: The mediating role of employee engagement. Management Science Letters, 11(9), 2341–2346. https://doi.org/10.5267/j.msl.2021.5.007
Published
2024-10-17
How to Cite
Kimiti, P. W., Wandiga, E., & Mwihaki, B. (2024). ASSESSMENT OF THE EFFECT OF TALENT ACQUISITION STRATEGY ON ORGANIZATIONAL PERFORMANCE OF REAL ESTATE FIRMS IN NAIROBI COUNTY, KENYA. African Journal of Emerging Issues, 6(17), 60 - 78. Retrieved from https://ajoeijournals.org/sys/index.php/ajoei/article/view/689
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