The Impact of Talent Management Strategies on Employee Retention

Umma Nusrat Urme
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Umma Nusrat Urme: Department of Business Studies, State University of Bangladesh, Dhaka, Bangladesh.

International Journal of Science and Business, 2023, vol. 28, issue 1, 127-146

Abstract: In today's fiercely competitive business world, firms must prioritize employee retention. Strategies for talent management have drawn a lot of attention as successful solutions to this problem. This article offers a succinct summary of how talent management techniques affect employee retention. In-depth recruitment and selection procedures, employee training and development programs, methods for tracking performance and providing feedback, competitive pay and benefits, and promoting a healthy workplace culture are just a few of the strategies covered in the article. The results highlight how crucial these tactics are for improving employee retention rates, which in turn boosts output, lowers turnover expenses, and fosters a more engaged and devoted workforce. The purpose of this paper is to provide some effective personnel management techniques into practice so that organizations may establish a welcoming and rewarding atmosphere that encourages staff to stick around and contribute to the long-term success of the company.

Keywords: Talent Management; Employee Retention; Job Satisfaction; Employee Development (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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