1. An IT start-up business with 20 employees wants to implement a retention strategy to hold on to talented employees in a very competitive market. You have been asked to propose measures that may help them to do this. You must demonstrate understanding of the issues pertaining to retention of employees and talent management You must consider the advantages and disadvantages of staff turnover within this new business compared to an established business

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Answer 2 questions within 700-800 Words.

1. An IT start-up business with 20 employees wants to implement a
retention strategy to hold on to talented employees in a very
competitive market. You have been asked to propose measures that
may help them to do this.
You must demonstrate understanding of the issues pertaining to retention of
employees and talent management
You must consider the advantages and disadvantages of staff turnover within
this new business compared to an established business
Transcribed Image Text:1. An IT start-up business with 20 employees wants to implement a retention strategy to hold on to talented employees in a very competitive market. You have been asked to propose measures that may help them to do this. You must demonstrate understanding of the issues pertaining to retention of employees and talent management You must consider the advantages and disadvantages of staff turnover within this new business compared to an established business
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