Among six key talent management practices, we never hear about retention

Sloan Mgt. Review, Winter 2012 at 27, shows a wheel with six key talent-management practices. Of them four regularly underlie posts on this blog: “Compensation and Rewards,” “Talent Review,” “Recruitment and Selection,” and “Development and Training.”

What hasn’t appeared here are posts on “Performance Management” or on “Retention.” I think that Performance Management has to do with assignments of responsibility, workload balancing, quality control, and the like. Retention has not posed much of a problem in the past several years because of the subdued job market. In fact, turnover among in-house counsel has for years been very low, so retention challenges are not present.