Why Do Talented People Leave? Assessing Talent Turnover Risks Using a Hybrid Approach

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Main Authors: Mehrdad Estiri, Jalil Heidary Dahooie, Ali Reza Qorbani, Ieva Meidute‐Kavaliauskiene
Format: Artículo Open Access
Published: Wiley 2024
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author Mehrdad Estiri
Jalil Heidary Dahooie
Ali Reza Qorbani
Ieva Meidute‐Kavaliauskiene
author_facet Mehrdad Estiri
Jalil Heidary Dahooie
Ali Reza Qorbani
Ieva Meidute‐Kavaliauskiene
Mehrdad Estiri
Jalil Heidary Dahooie
Ali Reza Qorbani
Ieva Meidute‐Kavaliauskiene
collection Wiley Open Access
contents Why Do Talented People Leave? Assessing Talent Turnover Risks Using a Hybrid Approach Mehrdad Estiri Jalil Heidary Dahooie Ali Reza Qorbani Ieva Meidute‐Kavaliauskiene Strategic Change ABSTRACTAddressing the critical challenge of talent turnover in human resource management (HRM), the study aims to bridge the significant gaps in understanding the risks of talent turnover and the lack of robust frameworks for HR decision‐makers to assess and manage these risks effectively. Grounded in the resource‐based view (RBV), it introduces a hybrid methodology that synergizes failure mode and effects analysis (FMEA) with multi‐attribute decision‐making (MADM) methods using Z‐numbers. The research process involved an extensive literature review and expert panel discussions to curate an exhaustive list of turnover risks. These risks were appraised using FMEA technique and Z‐SWARA method. To validate the robustness of the evaluations, four different MADM methods were applied for risk ranking, which were then integrated using the BORDA count method. The framework's utility is exemplified by its application in a private bank in Iran, where it was used to identify and prioritize talent turnover risks. Findings reveals that skill underutilization, immigration, and underpayment are the most critical risks associated with talent turnover in our case, as confirmed by a sensitivity analysis. Practically, the framework equips HR managers with a robust tool for identifying and prioritizing talent turnover risks, facilitating strategic decision‐making in a uncertain business environment. 10.1002/jsc.2621 http://onlinelibrary.wiley.com/termsAndConditions#vor
doi_str_mv 10.1002/jsc.2621
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institution Wiley Open Access
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publishDate 2024
publisher Wiley
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spellingShingle Why Do Talented People Leave? Assessing Talent Turnover Risks Using a Hybrid Approach
Mehrdad Estiri
Jalil Heidary Dahooie
Ali Reza Qorbani
Ieva Meidute‐Kavaliauskiene
Strategic Change
Why Do Talented People Leave? Assessing Talent Turnover Risks Using a Hybrid Approach Mehrdad Estiri Jalil Heidary Dahooie Ali Reza Qorbani Ieva Meidute‐Kavaliauskiene Strategic Change ABSTRACTAddressing the critical challenge of talent turnover in human resource management (HRM), the study aims to bridge the significant gaps in understanding the risks of talent turnover and the lack of robust frameworks for HR decision‐makers to assess and manage these risks effectively. Grounded in the resource‐based view (RBV), it introduces a hybrid methodology that synergizes failure mode and effects analysis (FMEA) with multi‐attribute decision‐making (MADM) methods using Z‐numbers. The research process involved an extensive literature review and expert panel discussions to curate an exhaustive list of turnover risks. These risks were appraised using FMEA technique and Z‐SWARA method. To validate the robustness of the evaluations, four different MADM methods were applied for risk ranking, which were then integrated using the BORDA count method. The framework's utility is exemplified by its application in a private bank in Iran, where it was used to identify and prioritize talent turnover risks. Findings reveals that skill underutilization, immigration, and underpayment are the most critical risks associated with talent turnover in our case, as confirmed by a sensitivity analysis. Practically, the framework equips HR managers with a robust tool for identifying and prioritizing talent turnover risks, facilitating strategic decision‐making in a uncertain business environment. 10.1002/jsc.2621 http://onlinelibrary.wiley.com/termsAndConditions#vor
title Why Do Talented People Leave? Assessing Talent Turnover Risks Using a Hybrid Approach
topic Strategic Change
url https://onlinelibrary.wiley.com/doi/10.1002/jsc.2621