TALENT RETENTION: CURRENT PRACTICES IN THE INTERNATIONAL ENVIRONMENT

Ana-Maria Sacuiu and Angela-Eliza Micu
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Ana-Maria Sacuiu: Ovidius University of Constanta, Romania
Angela-Eliza Micu: Ovidius University of Constanta, Romania

Annals - Economy Series, 2024, vol. 5, 281-293

Abstract: In an increasingly competitive and globalized labor market, talent retention has emerged as a critical challenge for modern organizations. This study aims to identify effective talent retention strategies and their impact on organizational success by analyzing international research through a bibliometric approach. The analysis is based on seminal studies from 1990 to 2024, using Scopus data and advanced visualization tools such as RStudio bibliometrics package and VOSviewer. Our research focuses on key strategies, including organizational culture, work-life balance, employee recognition, and the role of digitalization in human capital management. The study reveals that interest in talent retention research increased significantly in the 1990s and maintained steady momentum, with fluctuations driven by major global events such as the 2008 financial crisis and the COVID-19 pandemic. The United States leads global contributions to this field, followed by the United Kingdom and India. Keyword analysis identified five key thematic clusters, with a focus on employee satisfaction, job satisfaction, talent development, and emotional intelligence. Results suggest that employee well-being, professional development, and organizational transparency are essential for achieving high levels of employee commitment. Additionally, factors such as anxiety, work-life balance, and job stress are critical in fostering employee satisfaction. While employee recognition and the integration of technology in human resource management remain underrepresented in the literature, these aspects present opportunities for future research. This paper concludes that adopting a holistic approach to employee well-being and development, alongside embracing technological advancements, is vital for fostering long-term talent retention and enhancing organizational performance.

Keywords: talent retention; employee satisfaction; organizational culture; work-life balance; human capital management (search for similar items in EconPapers)
Date: 2024
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