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10 February 2025 / Report
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Copy LinkWhile much attention is devoted and much revenue spent on attracting talent, retaining talent is often overlooked. However, talent retention is exceptionally beneficial for business and provides a competitive edge by allowing organizations to avoid costly turnover, preserve institutional knowledge, develop a pipeline of future leaders, and increase employee engagement. Beyond financial considerations, successful retention strategies hinge on effectively navigating implicit psychological contracts—the unwritten expectations between organizations and workers that shape the dynamics of work.
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