Retention of Talent in Organizations

The current personnel skills shortage is a major business constraint which is hampering organizational growth around the world. Although hiring has gone big time, post recession with the signs of economy recovering, the challenge now lies in ensuring and retaining a sustainable talent pool of personnel for companies today.

Organizations say that, position in top and middle management slots nearly 45 % of them become vacant, as the challenge lies in finding the right hire. Although organizations are aware of the fact they cannot do much as it’s an ever persisting problem.

Organizations acknowledge that the talent shortage is an issue that they can overcome by retaining the person successfully by adopting a more sustainable approach to his work space issues, and look outside traditional hiring methods which eventually are successful in a timely and cost effective manner.

Internal job changes, job rotation and job role changes creates a lot of challenging situations which help in high retention of an employee as the people already familiar with the company and its business objectives. The job role function differs which can be made accurate by a person based on his.

  • Knowledge
  • Skills
  • Values and mindset
  • Personality and intelligence, (Emotional Competency).
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