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Exploring Talent Retention Strategy in a Financial Technology Company

The purpose of this study was to focus on talent retention strategy, through the practices in talent management. This was done by investigating the reasons of high talent turnover, identifying the solutions and the best practices in retaining and managing the talents, specifically in a financial tec...

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Main Author: Mohd Rafiq, Mohamad Mazlan
Format: Thesis
Language:English
English
English
Published: 2020
Subjects:
HF5001-6182 Business
Online Access:https://etd.uum.edu.my/9112/1/s824515_01.pdf
https://etd.uum.edu.my/9112/2/s824515_02.pdf
https://etd.uum.edu.my/9112/3/824515%20REFERENCES.docx
https://etd.uum.edu.my/9112/
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spelling my.uum.etd.91122023-10-31T02:38:33Z https://etd.uum.edu.my/9112/ Exploring Talent Retention Strategy in a Financial Technology Company Mohd Rafiq, Mohamad Mazlan HF5001-6182 Business The purpose of this study was to focus on talent retention strategy, through the practices in talent management. This was done by investigating the reasons of high talent turnover, identifying the solutions and the best practices in retaining and managing the talents, specifically in a financial technology company in Malaysia. There were seven experienced talented employees of the company participated in the semi-structured interviews. The data from the interviews were critically analyzed and the findings were successfully identified. The findings indicated that there are five reasons that lead to talent retention at the company namely work environment, leadership style, compensation and benefits, career advancement, flexible working hours and work experience. As for the six reasons most of the talents left the company, these include better career opportunity, unclear company’s direction, and superior subordinate relationship, lack of recognition and appreciation, nature of business and better monetary rewards. The findings also revealed six solutions for the current talents to stay which are, leadership style, quality management, career development, compensation and benefits, information sharing and appreciation and recognition. As for the best practices in managing the talents, the findings identified seven best practices which include career development, compensation and benefits, hiring process, workplace flexibility, feedback session, employee engagement and organizational strategy. 2020 Thesis NonPeerReviewed text en https://etd.uum.edu.my/9112/1/s824515_01.pdf text en https://etd.uum.edu.my/9112/2/s824515_02.pdf text en https://etd.uum.edu.my/9112/3/824515%20REFERENCES.docx Mohd Rafiq, Mohamad Mazlan (2020) Exploring Talent Retention Strategy in a Financial Technology Company. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
English
topic HF5001-6182 Business
spellingShingle HF5001-6182 Business
Mohd Rafiq, Mohamad Mazlan
Exploring Talent Retention Strategy in a Financial Technology Company
description The purpose of this study was to focus on talent retention strategy, through the practices in talent management. This was done by investigating the reasons of high talent turnover, identifying the solutions and the best practices in retaining and managing the talents, specifically in a financial technology company in Malaysia. There were seven experienced talented employees of the company participated in the semi-structured interviews. The data from the interviews were critically analyzed and the findings were successfully identified. The findings indicated that there are five reasons that lead to talent retention at the company namely work environment, leadership style, compensation and benefits, career advancement, flexible working hours and work experience. As for the six reasons most of the talents left the company, these include better career opportunity, unclear company’s direction, and superior subordinate relationship, lack of recognition and appreciation, nature of business and better monetary rewards. The findings also revealed six solutions for the current talents to stay which are, leadership style, quality management, career development, compensation and benefits, information sharing and appreciation and recognition. As for the best practices in managing the talents, the findings identified seven best practices which include career development, compensation and benefits, hiring process, workplace flexibility, feedback session, employee engagement and organizational strategy.
format Thesis
author Mohd Rafiq, Mohamad Mazlan
author_facet Mohd Rafiq, Mohamad Mazlan
author_sort Mohd Rafiq, Mohamad Mazlan
title Exploring Talent Retention Strategy in a Financial Technology Company
title_short Exploring Talent Retention Strategy in a Financial Technology Company
title_full Exploring Talent Retention Strategy in a Financial Technology Company
title_fullStr Exploring Talent Retention Strategy in a Financial Technology Company
title_full_unstemmed Exploring Talent Retention Strategy in a Financial Technology Company
title_sort exploring talent retention strategy in a financial technology company
publishDate 2020
url https://etd.uum.edu.my/9112/1/s824515_01.pdf
https://etd.uum.edu.my/9112/2/s824515_02.pdf
https://etd.uum.edu.my/9112/3/824515%20REFERENCES.docx
https://etd.uum.edu.my/9112/
_version_ 1781708426175315968
score 13.211869

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