The ability of an organisation to retain high-performing employees through well-designed practices and policies that enable employees to stay motivated and focused so that they choose to remain with the organisation for a long time.
Despite an array of technologies that are embedded in an organisation’s internal processes, it is said that companies are made and defined by their people. Failing to understand why talent retention impacts a company’s bottom line could severely impact both work culture and profit. Talent retention at its core is about establishing a mutually trusting relationship between the employee and employer. In practice, the core elements of a talent retention strategy should include incentives, career growth opportunities, organisational culture awareness and empathetic leadership.