Retaining qualified talent is essential to organizational leaders' ability to maintain a
competitive advantage. The purpose of this multiple case study was to explore the
retention strategies that financial managers used to prepare and maintain talent to assume
future leadership roles. The conceptual framework that grounded this study was the
transformational leadership theory. The research participants were financial managers
from 5 financial services businesses located in the southern region of the United States
with a minimum of 5 years of management experience and at least 3 direct reports. Data
were collected from semistructured interviews, observations, and review of annual
reports, websites, and talent-development strategies. To ensure data saturation,
methodological triangulation was used. Data analysis using the modified van Kaam
method enabled the identification of 4 themes: preparing, partnering, mentoring, and
investing. The implications of this study for positive social change include the potential
for leaders of financial businesses to increase awareness of the value of talent retention
efforts across organizations, thereby improving profit margins.
| Identifer | oai:union.ndltd.org:waldenu.edu/oai:scholarworks.waldenu.edu:dissertations-8786 |
| Date | 01 January 2019 |
| Creators | Traveler, Shagranda M |
| Publisher | ScholarWorks |
| Source Sets | Walden University |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | Walden Dissertations and Doctoral Studies |
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