Practical Implications for Retention Strategy
5HR02 – Talent management and workforce planning
This CIPD Level 5 learning video examines the practical implications for retention strategy within the 5HR02 Talent Management and Workforce Planning unit, addressing assessment criteria AC 3.1. The video explores the factors influencing why employees choose to leave or remain in organisations, distinguishing between voluntary and involuntary turnover, avoidable and unavoidable turnover, and analysing push and pull factors affecting employee retention. By watching this video, you'll develop a comprehensive understanding of retention strategy drivers and gain practical insights into how organisations can address turnover challenges effectively.
Assessment Criteria 3.1
Discuss factors that influence why people choose to leave or remain in organisations.
Indicative Content
Differences between voluntary and involuntary turnover; differences between avoidable and unavoidable turnover; push and pull factors.
What You'll Learn
Video covering: Practical Implications for Retention Strategy
About 5HR02 – Talent management and workforce planning
This unit focuses on the impact of effective workforce planning in considering the development of diverse talent pools and how to contract and onboard the workforce. It also includes analysis of the potential cost to the organisation if this is poorly managed and the tools and interventions required to mitigate this risk.
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