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Stage 7: Retention Management retention management

In: Strategic Human Resource Development

Author

Listed:
  • Matthias T. Meifert

    (HRpepper GmbH & Co. KGaA)

Abstract

In the late 1990s, a new term was introduced that reflected the debate about the labour markets at the time: the “war for talent”. Three simple words that pointed to a harsh truth: the pool of qualified human resources was drying up, people’s willingness to stay with a company was shrinking, and companies were engaging in a veritable war for that scarce resource, talent. A decade later, the labour markets are showing a fundamentally different picture. The tough economic climate, rising unemployment and mass redundancies across Europe mean that we have to wonder whether this topic still deserves a place in this book. Should we not rather talk about the mobility of labour markets and headcount adjustments when we want to speak about the current situation? Why is retention management, or staff retention in general, still a concern for strategic HR development?

Suggested Citation

  • Matthias T. Meifert, 2013. "Stage 7: Retention Management retention management," Management for Professionals, in: Matthias T. Meifert (ed.), Strategic Human Resource Development, edition 127, pages 217-232, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-642-31473-5_11
    DOI: 10.1007/978-3-642-31473-5_11
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