Knowledge and Awareness on the Utilization of Talent Philosophy by Banks among Staff on Contract Appointment in Commercial Banks in Ibadan, Oyo State

Abstract

Commercial banks rendered financial services to customers within the community. Staffing in banks can be classified broadly into permanent and contract staff. Contract staffs are key workforce in the banking sector and their awareness, knowledge and concept of talent philosophy is very paramount. This study seeks to assess the knowledge and awareness on the utilization of talent philosophy by banks among staff on contract appointment in commercial banks in Ibadan, Oyo State. Purposive sampling technique was used to select the five local governments within Ibadan metropolis. Simple random sampling was used to select one bank each from each local government area. Base on sample size determination formula, 245 respondents were proportionately for each bank. Finding of the study revealed awareness on talent management philosophy is high (94.3%) among contract staff in commercial banks in Ibadan and 227(92.7%) of them are aware that talent management philosophy is been utilized within their organization. However, only 182(74.3%) have been trained on talent management. Knowledge of talent philosophy amount contract staff shows that overwhelming majority (96.3%) model talent as inclusive/developable; that is, that all seemingly ordinary people can become extraordinary performers through dedicated training. The Anova analysis revealed Fcal of 5.573 is significance, therefore contract staff with talent philosophy awareness will perform better than other staff that are not aware of talent philosophy within the banking industry and Fcal 5.506 is significance showing that motivating talented staff will increase their performance.