Motivation Through Talent Management: A Self-Determination Theory Lens on Nordic Banking Strategies

  • Unnar Theodorsson*
  • , Thorhallur Gudlaugsson
  • , Svala Gudmundsdottir
  • *Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Purpose
This paper aims to investigate how talent management (TM) initiatives in Nordic banks influence employee motivation and organizational commitment, using self-determination theory (SDT) as the analytical lens.

Design/methodology/approach
Based on 34 semi-structured interviews with human resources professionals, managers and specialists in Iceland and Denmark, this study applies an interpretivist qualitative approach to identify both conventional and novel motivational drivers.

Findings
Findings show that traditional motivators (recognition, development, autonomy) remain central, but emerging themes such as environmental, social and governance commitments and technology integration are increasingly vital. The application of SDT reveals that TM practices which support autonomy, competence and relatedness have a significant impact on engagement and retention, particularly in high-potential employees.

Originality/value
This study contributes to TM scholarship by integrating SDT in an under-researched empirical setting – Nordic banks – and by offering actionable insights on how motivational strategies align with inclusive and exclusive TM philosophies.
Original languageEnglish
JournalQualitative Research in Financial Markets
Number of pages25
ISSN1755-4179
DOIs
Publication statusPublished - 20 Oct 2025

Bibliographical note

Epub ahead of print. Published online: 20 October 2025.

Keywords

  • Banking industry
  • Qualitative research
  • Talent management
  • Motivation
  • Job satisfaction
  • Strategic human capital

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