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The Impact of Talent Management Strategies on Employee Retention

Author

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  • Umma Nusrat Urme

    (Department of Business Studies, State University of Bangladesh, Dhaka, Bangladesh.)

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.

Suggested Citation

  • Umma Nusrat Urme, 2023. "The Impact of Talent Management Strategies on Employee Retention," International Journal of Science and Business, IJSAB International, vol. 28(1), pages 127-146.
    • Handle: RePEc:aif:journl:v:28:y:2023:i:1:p:127-146
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    References listed on IDEAS

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    1. Alex Anlesinya & Kwesi Amponsah-Tawiah & Kwasi Dartey-Baah, 2019. "Talent management research in Africa: towards multilevel model and research agenda," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, vol. 10(4), pages 440-457, August.
    2. Juraj Tej & Matúš Vagaš & Viktória Ali Taha & Veronika Škerháková & Michaela Harničárová, 2021. "Examining HRM Practices in Relation to the Retention and Commitment of Talented Employees," Sustainability, MDPI, vol. 13(24), pages 1-18, December.
    3. Isabel Reis & Maria José Sousa & Andreia Dionísio, 2021. "Employer Branding as a Talent Management Tool: A Systematic Literature Revision," Sustainability, MDPI, vol. 13(19), pages 1-22, September.
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