Cracking the Code: Why Talent Retention and Psychological Contracts Matter
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies. 

Future of Work

Cracking the Code: Why Talent Retention and Psychological Contracts Matter

/ Report

While 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.

More on this topic from The Conference Board:

While 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.

More on this topic from The Conference Board:

Authors

Robin Erickson, PhD

Robin Erickson, PhD Robin Erickson, PhD

Head of Human Capital Research
The Conference Board

Read Bio

Barbara J. Lombardo, PhD

Barbara J. Lombardo, PhD Barbara J. Lombardo, PhD

Distinguished Principal Research Fellow, Human Cap…
The Conference Board

Read Bio

Matthew Maloof

Matthew Maloof Matthew Maloof

Researcher, Human Capital
The Conference Board

Read Bio

This publication is available to you, but you need to sign in to myTCB® or create an account to access it.To learn more about becoming a Member click here. To check if your company is a Member, click here

Forgot Password?

 

Keep my computer signed in

 

By Clicking 'Create Account',
You Agree To Our Terms Of Use

Create Account  

Members of The Conference Board get exclusive access to Trusted Insights for What’s Ahead® through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.

Other Related Resources