TALENT DEVELOPMENT AND FIRM RESILIENCE OF HOTELS IN PORT HARCOURT, NIGERIA

Promise-Elechi, K.C. and Prof. Onuoha, B. C.
Department of Management, University of Port Harcourt, Nigeria

Abstract: This study explored the relationship between talent development and firm resilience of hotels in Port Harcourt. The study adopted a descriptive research design with a population element of 105 hotel managers, it conducted a census of the managers from 35 hotels in Port Harcourt, Rivers State, Nigeria. After data collection and collation, copies were analyzed using the Spearman rank correlation coefficient with the aid of Statistical Package for Social Sciences (SPSS version 21.0). The findings revealed that talent development had a positive correlation with measures of firm resilience: firm robustness and firm agility. Based on the findings, the study recommended that managers of hotels should initiate talent development programs, support, and encourage talent/knowledge sharing among employees to enhance talented staff’s ability to handle jobs more efficiently, with adequate funding to enhance their robustness and agility. Amongst the proposals for further studies include the study only focused on the quantitative method of analysis thus, other researchers can explore qualitative methods to adopt QSR Nvivo and other tools to see the level of outcomes and correlations between the constructs.

Keywords: Talent, Talent Development, Firm Resilience, Firm Robustness, Firm Agility.