Talents Management and Leadership Succession in Selected Companies in Lagos State

Abstract

Talent management is critical for the organizational growth and development of companies in emerging competitive environment of Lagos State, just as it is elsewhere in the world. Talent management becomes necessary because individuals in the workforce have unique natural attributes and harnessing them for the company’s benefit requires effective leadership. Leaders succeed when the talents of employees are nurtured in accordance with a company’s peculiarity and brand. This paper adopted mixed method for the collection of data and analyzed data in thematic content while talent-based theory was used as its theoretical framework. The paper concluded that the recruitment of high-impact employees with the right talents and a succession plan to retain and engage them to ensure continuous productivity is crucial for the attainment of a company’s goals, growth and development in the emerging competitive environment of Lagos State.