TALENT MANAGEMENT PRACTICES AND EMPLOYEE RETENTION IN PRIVATELY-OWNED MEDIA HOUSES IN KENYA
Abstract
The purpose of this study was to investigate the talent management practices and employee retention in privately-owned media houses in Kenya. Kenyan Media houses are faced with the challenge of retaining staff owing to frequent retrenchments and loss of experienced staff to international media houses and government. The general objective of the study was to investigate the talent management practices and employee retention in privately-owned media houses in Kenya. Specifically, the study aimed to investigate the effect of training & development and career management and progression opportunities on the employee retention in privately-owned media houses in Kenya. The target population of the study was the 1,621 permanent employees at Nation Media Group, Standard Group, Royal Media Group, Radio Africa Limited and Mediamax Network out of which 321 were sampled using Yamane’s sampling formula. The study was grounded in human capital theory and Maslow’s Needs theory. Using descriptive research design the study evaluated relationships between talent management practices and employee retention in privately-owned media houses. The primary data was collected using questionnaires and the study yielded both qualitative and quantitative data which was analysed using descriptive and inferential statistics. The study findings showed that Training & Development (r=0.812, p-value=0.00) had a significant positive relationship with employee retention. There is a significant positive relationship between career management and progression with employee retention (r = 0.778, p value =0.000). Training & development and career management and progression explain 71.5% of the variations of employee retention in privately-owned medial houses in Kenya. The study concluded that training & development and career management and progression influence employee retention in privately-owned media houses in Kenya. It was recommended that management of the privately-owned media houses embed talent management to their business strategy to enhance retention.
Keywords: Talent Management Practices, Training and Development, Career Management and Progression, Employee Retention
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