Designing a culture to attract, retain and develop talent

As leaders, we are responsible for ensuring the culture is established and maintained in such a way that we attract, retain and develop talent that will not only stay and commit to the organisation, but will also achieve the strategy. What then does it take to do this?

Retaining current staff through your culture, supported by structured programs to build the capability of existing human capital, allows organisations to control reward blow-outs, recruitment costs, and maintain consistency and quality of service. In effect, it is up to HR to play a critical role in executing the organisations strategy and developing and attracting talent. However, everyone in the organisation needs to be made aware of the important role they play in identifying and nurturing talent within. Talent management is critical in ensuring an organisation meets its end goals.

The true costs of losing talent through poor management or lack of nurturing are numerous. These can include impact on client relationships, recruitment, training costs, induction programs, workplace morale and overall effectiveness...

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