Corporate learning, compensation management, performance management: Basis for talent management framework in real estate industries

In China's dynamic real estate landscape, attracting and retaining top talent is crucial for success.This study explores how a strategic framework built on corporate learning, compensation management, and performance management can empower your organization to build a competitive edge.The study aimed to examine the corporate learning, compensation management and performance management that was made the basis in developing a talent management framework in real estate industries in China.The research design used was descriptive and this is well-suited in understanding the current state of affairs regarding corporate learning, compensation, and performance management in the Chinese real estate industry.It can reveal trends, patterns, and typical practices employed by companies.The respondents of the study were the 400 employees working in 10 real estate companies in 5 provinces in China.The respondents of this study consist of professionals actively working within the real estate sector in China.The survey questionnaire was the instrument used in the study.The respondents showed moderate agreement on their corporate learning as to continuous learning, team learning and empowerment and organizations created a culture of learning where employees are constantly growing and developing, and where teams are able to achieve their full potential.They agreed on compensation management in terms of pay level, organization benefits, justice benefits and pay equity.This confirms that real estate firms are doing a good job of managing employee compensation.The real estate companies' performance management system revealed moderate agreement in terms of performance planning, performance review and giving feedback.These three elements are in place and are essential for effective performance management.A high significant relationship exists between corporate and compensation management, corporate learning and performance management and compensation management and performance management which created a positive work environment where employees are engaged and motivated to achieve their best.This can lead to improved organizational performance, increased profitability, and a stronger competitive advantage.A talent management framework was developed for real estate industries in China.