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Human Talent Retention In Small And Medium Enterprises: Evidence From Mexico Retenciã“N Del Talento Humano En Pequenas Y Medianas Empresas: Evidencias De Mexico

Author

Listed:
  • Rosalva D. Vasquez Mireles
  • Yolanda Mejia de Leon
  • Baltazar Rodriguez Villanueva
  • Magda Tomasa Ponce Dávila

Abstract

Locating talent has become a poaching approach for individuals with experience, expertise and common sense to cover key positions in organizations. After identifying them, poaching firms offer them higher salaries and better benefits. This phenomenon before, unethical, is now accepted by organizations. But when it happens, organizations feel betrayed. The organization experiences two sensations. Emotionally, the manager is not able to obtain the loyalty of an employee. The cost, talent is difficult to detect and locate and is expensive to replace. This research presents strategies to influence or prevent poaching. Many companies have turned to traditional staff retention programs (design curves career long term, significant investments in training and development, pay more). But competition is intense. Having strategies that allow you to reduce staff turnover and retain more valuable human capital is critical to the health of any organization. As a result, this research will be useful not only for small and medium businesses but overall for all businesses.

Suggested Citation

  • Rosalva D. Vasquez Mireles & Yolanda Mejia de Leon & Baltazar Rodriguez Villanueva & Magda Tomasa Ponce Dávila, 2015. "Human Talent Retention In Small And Medium Enterprises: Evidence From Mexico Retenciã“N Del Talento Humano En Pequenas Y Medianas Empresas: Evidencias De Mexico," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 3(4), pages 59-67.
    • Handle: RePEc:ibf:rgnego:v:3:y:2015:i:4:p:59-67
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    References listed on IDEAS

    as
    1. Delgado Piña, M.ª Isabel & Gómez Martínez, Luis & Romero Martínez, Ana María & Vázquez Inchausti, Elena, 2007. "¿Cómo gestionan las empresas emprendoras los recursos humanos? El caso de REDUR," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
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      More about this item

      Keywords

      Retention; Rotation; Talent; SMEs;
      All these keywords.

      JEL classification:

      • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
      • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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