The Impact of Talent Management Strategies on Employee Retention: A Conceptual Model

Effective management recognizes that an organization's most valuable resource is its staff. Employees are vital assets in any organization and play an important role in helping the organisation achieve its objectives. As a result, employee retention is critical to an organization's sustainable future, success, and edge in competitiveness. Effective talent management involves encouraging talented individuals to perceive themselves as part of the organisation, contribute value, and stay committed to it. Therefore, this paper goes into extensive detail about how strategies for talent management can help improve employee retention. This study evaluated several previous studies on the topic, allowing the authors to create a conceptual framework and three propositions. The study broadens our understanding of how various talent management strategies connect to increase employee retention, shifting away from stand-alone strategy and towards a more holistic approach. It emphasises on industry-specific talent management concerns as well as potential factors influencing employee retention, offering managers with specialised suggestions. The concepts provide practical suggestions for human resources managers and organisational leaders to establish effective employee retention approaches by recognising the key talent management strategies.