Factors Influencing Strategic Approach to Talent Management of Companies in Slovakia

Abstract

People in the companies play strategic role. Only high quality people named as the talents can create new values and lead company towards meeting the strategic goals. Talent management became a key component to business success in the current conditions. In our research we wanted to clarify importance of strategic approach in the talent management because whole talent management process must be in harmony with strategic orientation of the company represented by strategic ideas and objectives. In our research we verified the factors which influence talent management in companies in Slovakia. 381 companies were included to the research. Questionnaire with nine items and four classification questions was used as a tool for data obtaining. In all items Likert scale1-5 was used. We identified several statistically significant differences using parametric test (ANOVA). To consider results as robust we used also nonparametric tests (Kruskal – Wallis and Mann – Whitney). Economic results are the most influential factor of talent management. We identified even eight significant differences according to this criterion. Companies with better economic results have strategic approach to talent management on higher level compared to companies with worse results. Another factor that greatly influences the strategic concept of human resources is the allocation of foreign capital in the enterprise. Businesses with foreign capital allocation have better strategic approach to talent management.