Tag Archives: Retaining Staff

Talent management strategies are designed to stimulate employee retention in small and medium size enterprises (SMEs). The rationale is that employees who are provided the opportunity for professional development and career growth are much more likely to build long-term loyalty to the firm.  Employee retention is particularly important to ensure that your company retains those workers who possess important knowledge, skills, and abilities (also referred to KSAs or simply as human capital). Those companies that fail to develop an effective talent management strategy will likely experience significant employee recidivism, many times to competitor firms. This can then lead to operational inefficiencies resulting in loss of competitive advantage.  
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