Retaining Top Talent Requires Employers to Invest in Employee Development

Most companies will use a competency inventory system as a human resources metrics tool. This is a detailed file on the education level, training, work experience, length of service, current position and performance appraisal history for each employee in order to determine future performance in a new position. This is a great tool for companies that are committed to employee development, and have a focus on succession planning. When employees believe that their employer has a vested interest in their success, their loyalty towards that company is likely to increase. This is important as employers seek to retain their top talent.