Organisations may choose to use a range of talent management strategies to attract and retain their people, including smooth onboarding, competitive compensation and benefits, development of a talent pipeline, succession planning programs, and providing opportunities for learning and growth. Employee share ownership plans are another great way to retain talent as they provide employees with the opportunity to have an ownership stake in the company, that ‘vest’ after a certain number of years of tenure.
In addition to financial rewards, a company’s culture is a key differentiator. Employee engagement isn’t just a corporate buzz word; smart employers work hard to create a positive and engaging work environment and foster an inclusive culture, hopefully leading to a happier workforce and attracting and retaining top talent from diverse backgrounds.