Impact of talent management practices on employee retention with respect to selected private hospitals in Sangli City
This study was about studying the impact of talent management practices on employee retention with respect to selected private hospitals in Sangli city. The objectives of the study were To study the current practices of talent management adapted for employee retention by selected hospitals in study area ,to study the relationship between talent management, employee turnover, employee retention practices in selected hospitals in study area. To achieve this, a sample of 23 respondents in the 4 private hospitals was selected. 23 employees from various designations were picked using simple random sampling from each private hospital. Questionnaires were administered to these employees over the period of study. Chi square test was used to establish the relationship between talent management practices and employee retention that influenced them to continue in the same hospital. The Chi square value that was obtained at 95 confidence level revealed that there is significant relationship between talent management practices and employee retention strategies in selected hospitals in study area. The findings can be used by private hospital owners to identify talent management practices required for retaining talented employees in the hospitals. The research could also be used to strategize how to modify the retention strategies to meet employees’ expectations, gain their loyalty and improve overall satisfaction.
Talent management, employee retention, employee satisfaction, employee turnover
Mr. Suhas Shankarrao Jadhav