Talent Retention Practices

Abstract

Employee retention is a huge challenge for many companies because of the difficulty of getting the right talent at the right place for the right job with the required potential to cope with the new changing environment. A Gartner survey revealed that 91% of HR leaders expect employee turnover in the immediate future. Even more so if employees have more job offers while joining a company, and if they find discrepancies from their expectations, they are ready to leave the job. In this scenario, it is the need for organizations to identify the best strategies to retain talented employees. This chapter explains the concepts of talent retention, its relevance, practices, factors, and analytics contributing in retaining employees. This chapter will be helpful for organizations to devise new strategies for retaining the employees. This will also be useful for academicians and students to apply analytics in retaining employees.