IMPACT OF TALENT MANAGEMENT STRATEGIES ON EMPLOYEE RETENTION IN THE HOSPITALITY SECTOR: A REVIEW

The impact of talent management practices on employee retention in the hotel industry is examined in this review study. Organizations in the hospitality sector are realizing the value of efficient talent management strategies in light of the industry's growing competitiveness and difficulties in luring and keeping qualified workers. This paper examines the various facets of talent management strategies, such as hiring and selection, onboarding, performance management, learning and development, career development, succession planning, organizational culture, leadership practices, work-life balance initiatives, and diversity and inclusion efforts. It does this by drawing on a thorough analysis of the body of existing literature. The analysis emphasizes how important a role these factors play in determining the retention of employees in the hospitality industry. The study also outlines important obstacles that organizations must overcome in order to successfully apply talent management practices, including significant employee turnover, little prospects for career growth, and stress at work. This research provides insights into best practices and recommendations for hospitality organizations looking to improve employee retention through strategic talent management efforts by synthesizing empirical facts and theoretical frameworks. In the end, this study advances our knowledge of the intricate relationships that exist between employee retention results and talent management tactics in the fast-paced hospitality sector.


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