Do global talent management programs help to retain talent? A career-related framework. Issue 2 (24th January 2022)

• Record Type: Journal Article
• Authors: Bonneton, Domitille; Schworm, Stephanie Katja; Festing, Marion; Muratbekova-Touron, Maral
• Is Part Of: International journal of human resource management. Volume 33:Issue 2(2022)
• Page Start: 203
• Page End: 238
• Publication Date: 2022-01-24
• Subjects: Global talent management -- career success -- knowing-whom career capital -- retention; Personnel management -- Periodicals; Human capital -- Management -- Periodicals; 658.3
• DOI: 10.1080/09585192.2019.1683048
• Languages: English
• ISSNs: 0958-5192

Abstract

Abstract: Global talent management is a key success factor for multinational corporations, as investments made to attract and retain talent are enormous. However, the link between talent management practices and retention is under-researched. In this paper, we fill this research gap by proposing a conceptual framework linking global talent management practices and talent retention in multinational corporations, by exploring the role of individual careers through knowing-whom career capital and career success. We conducted a survey among talent and a control group within a multinational company, to test our framework through structural equation modeling. The main results show that talent management practices have a positive effect on talent's intention to stay and that career-related aspects are key factors in retaining this talent on a global scale. Thus, our contribution is threefold: a conceptual framework, empirical evidence, and a new literature-based TM index, which makes the perceived intensity of TM programs measurable.