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  5. How do we Retain Diverse Talent in Today's Environment?

How do we Retain Diverse Talent in Today's Environment?

File(s)
How_do_we_retain_diverse_talent_in_todays_environment.pdf (221.1 KB)
Permanent Link(s)
https://hdl.handle.net/1813/102847
Collections
ILR Student Works
Executive Summaries on Current HR Topics (ILRHR 6640)
Author
Nayak, Prisoomit
Abstract

The retention of valued talent represents a major challenge for companies across industries and regions. Moreover, having a diverse talent without real inclusion inevitability results in missed opportunities because the talent no longer feels empowered to contribute and lead. Thus, most organizations are looking at ways for employee retention to both attract and retain key diverse talent, as well as to reduce turnover and its related direct costs such as hiring and training and indirect costs such as the loss of specialized skills, organizational knowledge, and employees’ networks with departing employees. The organizations must look at a targeted strategy along with a menu of retention practices to sustain competitive advantage.

Date Issued
2020-12
Keywords
Human Resources
•
diverse talent
•
talent
•
retention
•
data
•
exit interviews
•
employee focus groups
•
turnover studies
•
qualitative studies
•
realistic job preview
•
weighted application blank
•
onboarding
•
employee resource groups
•
ERGs
•
pay transparency
•
engagement strategy
Type
article
Accessibility Feature
taggedPDF
Accessibility Hazard
none

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