Victoria Adekomaya, Shepherd Dhliwayo
Abstract
In today’s interconnected world, the mobility of talent has become a significant challenge for Small and Medium Enterprises (SMEs) worldwide, including those in South Africa. This study explores the talent retention strategies adopted by South African SMEs amidst the phenomenon of global mobility. A qualitative method based on interviews with 15 SME owners and employees, was used to investigate the unique approaches employed by South African SMEs to retain their skilled workforce in the face of increasing opportunities for global mobility.
The findings reveal an approach to talent retention, encompassing various organizational and individual-level strategies. At the organizational level, SMEs emphasize creating a positive work culture, offering competitive compensation and benefits packages, providing opportunities for skill development and career advancement, and fostering strong relationships between employees and management. The study highlights the importance of understanding the motivations and aspirations of employees, particularly in the context of global mobility. This study offers valuable insights into the challenges and opportunities faced by South African SMEs in retaining talent amidst global mobility trends.
The findings reveal an approach to talent retention, encompassing various organizational and individual-level strategies. At the organizational level, SMEs emphasize creating a positive work culture, offering competitive compensation and benefits packages, providing opportunities for skill development and career advancement, and fostering strong relationships between employees and management. The study highlights the importance of understanding the motivations and aspirations of employees, particularly in the context of global mobility. This study offers valuable insights into the challenges and opportunities faced by South African SMEs in retaining talent amidst global mobility trends.