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The Learning & Development Institute, founded in 1969, is the professional body representing members concerned with Learning and Talent Development in Ireland.

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Attracting and Retaining Talent – Recent International Evidence

By Gerard Walker, Future Jobs-Skills-Work Insights 

Attracting and retaining talent is essential for business competitiveness. Excessive employee turnover results in a loss of expertise as well as significant replacement costs for employers. It results in firms under-investing in the development of their own employees and instead sourcing talent from other firms. The OECD report “Retaining Talent of all Ages” will be of interest to L&D professionals. It presents evidence of international trends in job tenure and employee turnover. Key employer and public policies are identified that support increased employee retention including training and skills development, better working conditions, and promoting well-being in the workplace. The evidence is that people are now switching their jobs more often in the majority of OECD countries. Average job tenures have declined across all age groups and for men and women. In Ireland, average, job tenures have decreased by 16% over the last fivefalse

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