Malta businesses need to respond now to prepare for massive changes to the HR challenges they will face to recruit and retain talented employees during this decade. That’s the message from pension experts at STM Malta Pension Services Limited, who are highlighting the future impact of massive demographic changes.
Managing director Deborah Schembri said that talent retention has always been essential for any successful business, but it’s going to be even more important in this decade and beyond because as the proportion of the economically active age group shrinks, it’s going to make it increasingly difficult to replace talented employees who leave.
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