Retention of high-potential employees in a development finance company
SA Journal of Human Resource Management
| Field | Value | |
| Title | Retention of high-potential employees in a development finance company | |
| Creator | Letchmiah, Lishani Thomas, Adèle | |
| Description | Orientation: The loss of high-potential employees was a concern to leaders at a South African development finance company. The research question that guided the study was: How can high-potential employees be retained in the company?Research purpose: The objective of the study was to identify factors that positively impact the retention of high-potential employees in a development finance company.Motivation for the study: The organisation that comprised the unit of study had prioritised employee development to retain high-potential employees, thereby aiming to build a strong talent pipeline and a sustainable knowledge base. A prevalent concern was that there were no formal retention programmes for high-potential employees. Accordingly, organisational leaders could benefit from understanding those retention factors that may serve to retain such employees.Research design, approach and method: A qualitative methodology promoted a deeper understanding of a social problem through a case study. Eleven purposefully chosen highpotential employees provided insights into factors they considered to be important in their retention. A content analysis of the data resulted in clusters of themes that addressed the research objective.Main findings: The following factors appeared to influence the retention of high-potential employees: leadership and organisational culture, organisational purpose, developmental opportunities, meaningful work and collegiality.Practical and managerial implications: Leaders in the company should consider factors that could influence the retention of high-potential employees. Such factors should be built into formal retention strategies based on the intrinsic needs of employees; the strengths that the organisational culture provides could be leveraged in this regard.Contribution: The practical value of the study was the highlighting of the factors that can be leveraged to retain high-potential employees in a development finance company. | |
| Publisher | AOSIS | |
| Date | 2017-09-28 | |
| Identifier | 10.4102/sajhrm.v15i0.924 | |
| Source | SA Journal of Human Resource Management; Vol 15 (2017); 9 pages 2071-078X 1683-7584 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajhrm.co.za/index.php/sajhrm/article/view/924/1289
https://sajhrm.co.za/index.php/sajhrm/article/view/924/1288
https://sajhrm.co.za/index.php/sajhrm/article/view/924/1290
https://sajhrm.co.za/index.php/sajhrm/article/view/924/1280
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