Improving Organizational Innovation Capability Through Effective Hiring and Retention—A literature Review Based Research

Abstract

This thesis addresses critical problems that managers face when seeking to improve the innovative capability: hiring and retention of innovative individuals. Through literature review, a gap between the importance of effectively attracting, assessing, and retaining innovative employees and the lack of study in the field was identified. Through literature review, methods and models are discussed to help companies to attract, evaluate, and retain innovative individuals. Evaluation methods were reviewed to build a framework that helps management in the selection process of prospect employees with the goal of improving the organizational innovation capability. Existing evaluation methods were reviewed and combined into a framework that selects innovative individuals who can be placed within the right job and team, to improve company innovation capability. The mechanism to achieve innovative company image building was also explored with the goal of developing a candidate pool. A retention model was also discussed and suggested.