Training and Development at Deloitte: Best Practices in Retaining Top Talent in a Volatile Job Market

Christopher J. Gradwohl and Bahaudin G. Mujtaba

International Journal of Human Resource Studies, 2025, vol. 15, issue 1, 133151

Abstract: In today's volatile job market, characterized by rapid technological change, economic uncertainty, and shifting workforce dynamics, retaining top talent has become a critical challenge for organizations. This paper explores best practices for talent retention in such an unpredictable environment, emphasizing the importance of adaptive leadership, employee engagement, and a supportive organizational culture. Key strategies include offering competitive and flexible compensation packages, fostering continuous learning opportunities, and promoting work-life balance to enhance employee satisfaction and loyalty. Additionally, creating a sense of purpose through meaningful work, transparent communication, and strong career development paths can help to increase commitment, loyalty, and retention rates.By investing in employee well-being and aligning organizational goals with individual aspirations, companies can cultivate a resilient workforce, ensuring long-term success despite external challenges. The paper also highlights the role of Deloitte as a company that embraces and leads the industry in supporting retention efforts, such as leveraging data analytics to identify potential retention risks and personalizing employee experiences. Ultimately, a holistic and proactive approach to talent retention is essential for organizations to thrive in a rapidly changing job market.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.macrothink.org/journal/index.php/ijhrs/article/download/22698/17463 (application/pdf)
https://www.macrothink.org/journal/index.php/ijhrs/article/view/22698 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mth:ijhr88:v:15:y:2025:i:1:p:133-151

Access Statistics for this article

International Journal of Human Resource Studies is currently edited by Len Albert

More articles in International Journal of Human Resource Studies from Macrothink Institute
Bibliographic data for series maintained by Technical Support Office ().