Perceptions of human resource professionals of challenges to and strategies for retaining managers

Abstract

Orientation: Retaining and developing talented top- and middle-level managers who possess organisational-specific skills and experience promotes competitive advantage for organisations and is a long-term investment.Research purpose: The purpose of this study was to explore challenges to retention and effective retention strategies for top- and middle-level managers.Motivation for the study: Human resource (HR) managers are facing difficulties retaining managers as a result of ineffective retention strategies. This study aims to provide insight into suggested strategies to retain such managers.Research design, approach and method: A cross-sectional survey, using an instrument developed from the literature, was completed by 97 HR management professionals registered with the South African Board of People Practices. An exploratory factor analysis was conducted as well as group comparisons.Main findings: Results revealed that leadership and performance management practices are considered to be effective retention strategies for top- and middle-level managers.Practical and managerial implications: Having a deeper understanding of effective retention strategies for top- and middle-level managers can assist HR professionals in retaining these employees.Contribution or value add: This study adds to the insights of HR professionals, line managers and leaders in organisations regarding retention challenges and effective retention strategies for top- and middle-level managers.