Talent Management as a Tool for Retaining Employee in the organization: A Study on Bangladesh

Abstract

Scarcity of efficient and talented workforce is important challenges for the organization mostly available in developing countries like Bangladesh. Pressure from globalization and economic integration, retaining talent human resources are the strategic challenges for most of the organization. This study aimed to empirically test a talent management model developed from the literature review in the organization available in Bangladesh. In the model HR practices and employee attitudes towards organization were considered for the independent variable and decision of the employee to stay in the organization was considered for the dependent variable. Primary data was gathered from the employee working in management level at different manufacturing, service, and government organization. Descriptive statistics using SPSS 22 was applied to analyze the relationships among the study variable. Results from the analysis showed that HR practices and employee attitudes towards organizational satisfaction and pride have a significant influence on the decision of the employee to stay in the organization. HR practices have a substantial direct association with the decision of the employee to remain in the organization. At the same, HR practices was found indirectly associated with employee decides to stay through employee attitudes. Findings of the current research are expected to add value in the existing literature and deliver guideline for the manager struggling for keeping talent in the organization.

Keywords: HR practices, Employee attitudes, Retention, Talent management

DOI: 10.7176/EJBM/11-21-21

Publication date:July 31^st 2019