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Current Trends in Business Management(CTBM)

ISSN: 2995-4010 | DOI: 10.33140/CTBM

The Effective Management Strategies to Retain Competent Employees

Abstract

Amenah Mohammed Mawaheb Albasha and Akin Marşap

In a constantly evolving and interdependent world, there is a high responsibility of managers to be able to retain adequate staff, the importance of retaining competent staff in a high atmosphere of competition in thriving markets becomes the highest responsibility of managers to follow the best strategies to maintain competencies and allow them to thrive. This research examined the experiences of a group of ten managers in ten different institutions in Saudi Arabia and highlighted the most important effective strategies that helped managers retain highly qualified employees. These strategies have varied between incentive-based financial strategies and salary upgrading to more moral strategies based on a high sense of emotional intelligence of managers and their ability to integrate employees into the organization's decision-making processes.

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