EFFECT OF TALENT RETENTION ON ORGANISATION PERFORMANCE IN COMPANIES LISTED IN NAIROBI SECURITIES EXCHANGE IN KENYA
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 1
Abstract
Talent retention aims to take measures to encourage employees to remain in the organization for the maximum period of time. Talent turnover is harmful to a company's productivity because costs of attraction are high. Direct cost refers to turnover costs, replacement costs and transitions costs, and indirect costs relate to the loss of production, reduced performance levels, unnecessary overtime and low morale (Echols, 2007) Mendez et al, (2011) further emphasizes that a company needs to invest in employee retention in order to be successful.
Authors and Affiliations
Rita Kagwiria lyria| Department of Entrepreneurship and Procurement Jomo Kenyatta University of Science and Technology P.0 Box 6200-0200’Nairobi Kenya 0722925103 kagwiriarita@yahoo.com, Professor G. S Namusonge| Department of Entrepreneurship and Procurement Jomo Kenyatta University of Science and Technology P.0 Box 6200-0200’Nairobi Kenya 0722896092 gnamusonge@jkuat.ac.ke, Dr Kabare Karanja| Department of Entrepreneurship and Procurement Jomo Kenyatta University of Science and Technology P.0 Box 6200-0200’Nairobi Kenya 0722964988 kkaranja@jkuat.ac.ke
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