Open Access Article SciPap-1022
Factors Affecting Talent Retention in Tech Start-Ups
by Kenia Salgado 1,*, Martin Flegl 2 and Martina Fejfarová 3

1 , Universidad La Salle México, Benjamín Franklin No. 47, Col. Condesa, Ciudad de México 06140, Mexico

2 , Universidad La Salle México, Benjamín Franklin No. 47, Col. Condesa, Ciudad de México 06140, Mexico

3 Faculty of Economics and Management, Department of Management, Czech University of Life Sciences Prague, Kamýcká 129, Prague 6 – Suchdol 165 00, Czechia

* Authors to whom correspondence should be addressed.

Abstract: Nowadays, it is crucial for organisations to attract highly skilled employees due to the competitive environment, as well as due to the current structure of the workplace. To retain talented employees, it is necessary to care about their needs and satisfaction. As differences regarding gender and/or generations exist among employees, it is necessary to create new human resources policies that suit every employee. This is especially important for start-ups as they have limited funding and cannot compete with salaries and job security from bigger and more established organisations. The objective of this article is to evaluate employees’ preferences across 27 factors that influence employees’ retention in a tech start-up on a general level and then with a focus on the gender difference in such preferences to be able to propose adjustments in human resources policies. Results indicate that significant differences regarding gender exist in training and working environment preferences. On the other hand, there is consensus among employees over the importance and type of personal recognition and necessity of work-life balance. Identification of such differences creates an opportunity for human resource policies adjustments.

Keywords: Decision-Making, Factors, Analytical Hierarchy Process, Employee Retention, Start-Up, Talent

JEL classification:   D81 - Criteria for Decision-Making under Risk and Uncertainty,   J63 - Turnover • Vacancies • Layoffs,   M12 - Personnel Management • Executives; Executive Compensation

SciPap 2020, 28(1), 1022

Received: 5 September 2019 / Accepted: 29 April 2020 / Published: 30 April 2020