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Investigating Factors Affecting Talent Retention in Private Organizations: Insights from HR Practitioners in Baku, Azerbaijan
Malmö University, Faculty of Culture and Society (KS), Department of Urban Studies (US).
2023 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The purpose of this thesis is to investigate the factors affecting talent retention in private organizations located in Baku, Azerbaijan. Since people are valuable assets to achieve sustainable development, organizations implement various strategies to retain them. The influence of globalization has made retaining talent a more challenging process. Considering that people's desire to work in an organization depends on motivating factors, this paper applied Self-Determination Theory to gain a deeper understanding of the relationship between motivation and retention. Self-Determination Theory has helped explain work motivation and its impact on people's choices and decisions. A qualitative study was chosen for this thesis because it is based on data collected through interviews. Data were collected through semi-structured interviews with HR practitioners to learn their perspectives. The study reveals the importance of some factors: fair and transparent compensation which is given as recognition of competence; clear communication and feedback; training that ensure internalization; a workplace provides autonomy to make one's own decisions; and an organisational culture which promotes work-life balance. Management in organizations should approach employees' problems more individually and pay attention to their intrinsic motivation. Extrinsic motivators, such as rewards offered by the organization, may contribute to retention only if they strengthen rather than undermine basic psychological needs.

Place, publisher, year, edition, pages
2023. , p. 46
Keywords [en]
Talent Retention; Private Sector Organisations; Self-Determination Theory; Work Motivation
National Category
Business Administration Social Sciences Interdisciplinary Psychology (excluding Applied Psychology)
Identifiers
URN: urn:nbn:se:mau:diva-63876OAI: oai:DiVA.org:mau-63876DiVA, id: diva2:1814603
Educational program
KS US Leadership and organisation: Societal challenges and organisational changes
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Available from: 2024-03-18 Created: 2023-11-26 Last updated: 2024-03-18Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
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  • html
  • text
  • asciidoc
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