Talent Management Strategies and its impact on Employee retention: An Empirical Study

Abstract

In order to keep top talent in an organisation, talent management methods are crucial. Through a variety of activities, including career development programs, recognition systems, and chances for continuous learning, these techniques aim to find, develop, and keep skilled individuals. A feeling of purpose and belonging is created when organisational goals and personnel goals are in line through effective talent management. Organisations can cultivate greater job satisfaction and loyalty by supporting employees' professional development and offering clear career paths. Recognising and appreciating workers' contributions also raises spirits and promotes sustained dedication. Feeling appreciated and involved at work is largely dependent on open lines of communication and feedback loops. These tactics have a big effect on keeping employees. When workers perceive prospects for progress and feel encouraged, they are less inclined to look for work elsewhere. This lowers turnover costs while also guaranteeing that the company holds onto important expertise and experience, which eventually helps the company maintain long-term success. A sample of 276 was collected from employees working in different sector. The factors that identify Talent Management Strategies and its impact on Employee retention are Learning and Development, Performance Management, Employee Engagement & Recognition, and Succession Planning.