Talent Management as a Panacea for Innovation Performance in Developing Nations: Insights from Education Sector in Pakistan
Abstract
In today’s dynamic and ever-growing business world, organizations have to adopt every possible move to remain competitive. One such move, organizations have at their disposal, is talent management. Talent management helps an organization to identify and fill the key positions via attracting, developing, succession planning, and retaining the talented individuals to improve its overall performance. This research was intended to investigate the impact of talent management on the innovation performance of an organization. The study assumed that an effective talent management system can improve the innovation performance. Moreover, we were also interested to unveil the underlying mechanism through which innovation performance gets affected by talent management. Hence, we used psychological empowerment as the mediating variable, and knowledge observability as the moderating variables to examine the said relationship. It was a cross-sectional study, with a sample of 1092 respondents. Data was obtained from 24 public sector (general) universities, in Khyber-Pakhtunkhwa, Pakistan, with the help of a self-administered standardized questionnaire. The results of the study demonstrated that talent management had a significant positive effect on innovation performance. Likewise, psychological empowerment was found to mediate the association between talent management and innovation performance. Moreover, knowledge observability was found to have a moderating (strengthening) effect on the relationship of talent management and innovation performance. The study also provides viable recommendations for managers to improve the innovation performance of their organizations.
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