Title: Talent Management Strategies As A Panacea Foe Organizational Commitment: Perspectives From The Hospitality Industry
Authors: OBIRE Omotejiohwo Jennifer
Volume: 8
Issue: 7
Pages: 273-280
Publication Date: 2024/07/28
Abstract:
The study addressed talent management practices in Nigeria through management in the hospitality industry. The objective was to evaluate the influence of compensation strategy on organizational commitment. The study was hinged on Human Capital theory. The study was analysed empirically. Findings revealed that compensation strategy impacts organizational commitment positively. Compensation can help with recruiting, performance, and employee happiness, among other things. In the formal economy, it could be said that pay is the "glue" that holds the employer and worker together. This idea is further codified in the form of a contract or other legally binding agreement that specifies the exact amount that should be paid to the worker and the different parts of the compensation package. It was recommended that an In-depth, well-planned compensation strategy requires resources, thus they should be backed by adequate resource input, such as a big budget.