Employee Retention Strategy: How to Attract and Retain Top Performers
Employee Retention Strategy: How to Attract and Retain Top Performers
Talent is a driving force behind Human Resource contributions to organizational success. The ability to attract and retain such talent is rapidly becoming one of the key issues for human resource managers and their organizations across the globe.
High performance organizations are consistently outperforming their competitors on a number of human resource factors, including the level of teamwork and openness between co-workers, the training and development opportunities they offer to employees and the degree of pro activity in HR planning. Developing this capability begins with the realization that effective human resource management underpins the competitiveness of organizations. Regardless of an employer’s size or industry, during the last 50 years waves of change have swept over organizations. this created pivotal space for talent retention. The companies now offer various attractive compensation packages to the employees and other good features to attract and retain the work force. The other developments like Business process outsourcing, Knowledge process outsourcing, Virtual organizations, etc also provide more opportunities to the employees for switching into more jobs.
Talent management definition
A conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and abilities to meet current and future organisational needs.
Talent management involves individual and organisational development in response to a changing and complex operating environment. It includes the creation and maintenance of a supportive, people oriented organisation culture.
Importance of talent management
Like human capital, talent management is gaining increased attention.
Talent management (TM) brings together a number of important human resources (HR) and management initiatives.
Organisations that formally decide to "manage their talent" undertake a strategic
Talent is a driving force behind Human Resource contributions to organizational success. The ability to attract and retain such talent is rapidly becoming one of the key issues for human resource managers and their organizations across the globe.
High performance organizations are consistently outperforming their competitors on a number of human resource factors, including the level of teamwork and openness between co-workers, the training and development opportunities they offer to employees and the degree of pro activity in HR planning. Developing this capability begins with the realization that effective human resource management underpins the competitiveness of organizations. Regardless of an employer’s size or industry, during the last 50 years waves of change have swept over organizations. this created pivotal space for talent retention. The companies now offer various attractive compensation packages to the employees and other good features to attract and retain the work force. The other developments like Business process outsourcing, Knowledge process outsourcing, Virtual organizations, etc also provide more opportunities to the employees for switching into more jobs.
Talent management definition
A conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and abilities to meet current and future organisational needs.
Talent management involves individual and organisational development in response to a changing and complex operating environment. It includes the creation and maintenance of a supportive, people oriented organisation culture.
Importance of talent management
Like human capital, talent management is gaining increased attention.
Talent management (TM) brings together a number of important human resources (HR) and management initiatives.
Organisations that formally decide to "manage their talent" undertake a strategic
References: 1. http://retention.naukrihub.com/compensation.html 2. “Human Resource Management –Best practices and Cases-Sumati Reddy”, ICFAI university press. 3. Human Resource Management 4. http://www.therainmakergroupinc.com/ 5. http://www.google.co.in/search?source=ig&hl=en&rlz=&q=retention+strategies+for+talent&aq=o&oq