Talent Management's Impact on Employee Retention Report

This report provides a comprehensive overview of talent management in human resources, emphasizing its critical role in employee selection, retention, and organizational development. Drawing on several scholarly articles, the report highlights the importance of identifying and attracting talented employees, as well as the need for effective training and development programs. It explores strategies such as reward and recognition policies, flexible work arrangements, and health benefits to enhance employee motivation and retention. The report also underscores the significance of talent management processes in improving organizational structure, employee engagement, and overall business success. It concludes with a call to implement robust talent management systems to ensure the selection of the best candidates and the fostering of a positive work environment.

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Human Resources
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In every organization, it is obvious for the managers in the process of selection to identify
the hidden talent of the candidate and then hire them. Selection is a marked as a very vital stage
for the applicants as well as for the organization itself. Misguide in the selection process can
many time lead to the loss of good candidates. At the present organizational scenario, loss of a
good candidate is a very hard thing to afford. It is also about the talent of the candidate who is
selected, without the talent. Identifying talent is the important task of the management and
showing the talent is an important job of the candidate.
This specific article “the psychology of talent management: A review and research
agenda”, published by Dries (2013) has depicted a vast vista on how talent management is
influential for gaining organizational image and reputation. The author in this specific article has
portrayed that talent management is the systematic procedure of planning as well as retaining the
talented employees. In order to achieve the peak of business success employee retention is highly
important. The success of a business organization is highly dependent on the performance level
of the employees. The author in his specific article has pointed out that human talent is the
renewable resource. Its competitors cannot steal it. Organizations while recruiting a specific
employee should be concerned on the talents, skill and competency level of that individual rather
than being influenced on the cultural and psychological backgrounds as well as attitudes. With
the rapid threat of competitors, organizations have to face innumerable difficulties in retaining a
talented employee within the business process. The author in this specific article has highlighted
that attracting and retaining the talented people within the service process of a specific business
organization is a major challenge. Competitors’ recruitment strategy and policy sometimes
becomes a burden for a business organization to retain their talented employees. In order to
overcome this kind of situation, the business experts have decided to implement some major

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strategies and policies for retaining young talents within the business services. Implementation of
reward and recognition policy, providing agile work hour, flexibility in relocation are some of
the most effective ways of maintaining employee sustainability. The author believes that
employees would like to provide their best endeavor towards the business services only when the
company intends to pay their effort of employees either by benefits or by rewards. The article
has highlighted that business organization should invest certain amount of money for the purpose
of talent management. As a result, the business experts can provide sufficient training and
development session to the employees for enhancing their skills and competency level. It has
been observed that large number of business employees cannot get their scope in developing
their skill as the organizations fail to afford sufficient money for making training session. As a
result, employees show their reluctant attitude in providing good performances towards the
business services. The author in this specific article has highlighted the importance of talent
management on the overall psychology of employees.
In the article ‘Talent management and expatriation: Bridging two streams of research
and practice’ by Jean- Luc Cerdin and Chris Brewster, it is said that talent management is a
combination of both potential and career development. This article was written aiming that the
knowledge this article provides about the talent management and its relation to selection process
will be effective and will be helpful for the organization to determine the selection process. in
this context another mentionable comment is the one made by Oldham(2014) he said that the
relationship between the characteristics of job and motivation is always more for the employees
and hence they must undergo a proper selection process. Every organization must have a
designed talent management process so that the employee selection is performed smoothly. This
article also highlights that when an organization aims select the best candidate they should and

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must have a proper talent management process, which will identify the best candidate. The talent
management system will provide the organization with the committed employees who will be
able to perform well and maintain the organizational structure. Development of organization is
the process that uses the behavior science to work according to the planned progress and
improvement of the organization effectiveness. Selection of talented employees and increasing
their awareness to maintain the organizational behavior is an effective step towards the
organizational development. Talent management actually does not have any true meaning but it
plays a beneficial role in the organizational structure. This system of management defines how
an employee gets attracted to the management, how it selects the employees and even how it
develops the employee relationship within the organization. This article mostly focuses on the
talent management and its importance on the selection process.
The article “Revisiting talent management, work-life balance and retention strategies”
created by Deery and Jago (2015) has primarily concentrated on highlighting the positive impact
of employee retention. The author opines in this specific study that maintaining the quality of
products and services to the customers is not only effective for a business organization for
achieving the business goal. In order to meet the demands and needs of the customers’ business
organization should focus on the performance level of the employees. An experienced and
efficient employee always adds value of an organization for earning business profitability. In
order to maintain employee retention business organizations intend to make budget plan.
Providing an effective training and guidance to the employees is one of the most effective ways
of managing talents. It has been observed that employees fail to meet the needs and demands of
the customers due to the lack of performance. In this kind of situation, the business managers can
focus on providing an effective training process so that employees can develop their skill and

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competency level. On the other hand, providing reward and recognition to the employees is one
of the major ways enhancing employee motivation. Staffs would like to perform effectively only
when they would be able to get motivated from the organizations’ recognition policy. The author
in this specific article has pointed out that necessary health facilities and benefits are one of the
most effective ways of employee retention plan. Every single business organization should
strictly maintain organizational health and safety act strictly. If an individual employee has to
face health issue at the workplace, the business managers should give cooperative outlook to that
particular individual. As a result, the employees would get a motivation in performing well
towards the business services. The specific article has critically evaluated the positive impact of
employee retention in maintaining the performance level of the employees.
The next article chosen is ‘THE IMPACT OF TALENT MANAGEMENT ON
RETENTION’ by Victor Oladapo. This includes the implication of the talent management
program and its impact on the retention of the employees. Organizations often struggle to
overcome the journey of finding the talented workers. This article also focuses on relating talent
management to employee retention. The important aspect that this article covers is the
importance of talent management. The author of this article opines that every organization has
two main concerns first one are the concerns about the place, equipments and monetary issues
and second ones are the brand positioning, loyalty and the employee selection. In present world
the importance of In order to meet the demands and needs of the customers’ business
organization should focus on the performance level of the employees. An experienced and
efficient employee always adds value of an organization for earning business profitability. In
order to maintain employee retention business organizations intend to make budget plan.
Providing an effective training and guidance to the employees is one of the most effective ways

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of managing talents. This is why every organization should and must implement a proper talent
management system along with a proper selection process.
In the article, ‘the influence of underlying philosophies on talent management: Theory,
implications for practice, and research agenda’ by Urbancová Hana, Vnoučková Lucie, the
writer opined the investigation on the talent management philosophies. Every experienced and
efficient employee always adds an efficacy of an organization for earning business profit. In
order to maintain employee selection business organizations intend to adapt a proper talent
management plan to make it successful. Providing an effective training and guidance to the
employees is one of the most effective ways of managing talents after selection. As this topic
concerns the talent management and its relation to the selection process, it can be stated, with the
help of this particular article that managing a talent management process is very necessary in the
present business scenario. Identifying the best employees and utilizing their abilities to maintain
the standards of the business is very important and every organization must hence initiate a talent
management process for their betterment.
In conclusion, it can be said that every organization in the present world needs to have
the best talent management process whether at the time of selection or at the time of work. Talent
management can be initiated by training as well.

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References:
Cerdin, J.L. and Brewster, C., 2014. Talent management and expatriation: Bridging two streams
of research and practice. Journal of World Business, 49(2), pp.245-252.
Deery, M. and Jago, L., 2015. Revisiting talent management, work-life balance and retention
strategies. International Journal of Contemporary Hospitality Management, 27(3), pp.453-472
Dries, N., 2013. The psychology of talent management: A review and research agenda. Human
Resource Management Review, 23(4), pp.272-285.
Meyers, M.C. and van Woerkom, M., 2014. The influence of underlying philosophies on talent
management: Theory, implications for practice, and research agenda. Journal of World
Business, 49(2), pp.192-203.
Oladapo, V., 2014. The impact of talent management on retention. Journal of business studies
quarterly, 5(3), p.19.