The Fourth Industrial Revolution (4IR) is changing the face of the global business environment to become very complex and dynamic. This is blurring the lines between people and technology, fusing the physical, digital and biological worlds. Managing employees in such an environment often requires modern solutions for organisations to effectively respond to constant change and competition. Human resource professionals must possess a strong understanding of complex connections between various elements of a system, and responding in a strategic manner, can remedy talent management challenges. Therefore, when executing talent management initiatives and making decisions, many factors should be taken into consideration and the interdependence between the HR strategy and organisational strategy should be appreciated. At Nedbank Limited South Africa you are the Human Resource Management Executive, appointed to assist your organisation to effectively implement contemporary human resource management approaches in order to easily adapt to continuous change in a dynamic business environment and achieve sustainable competitive advantage in the industry. Developing a comprehensive discussion document on various HR issues, for presentation during your next strategic planning meeting. The document should provide sufficient reference to the organisational context and extensive integration of appropriate theory. The document must follow the structure, order and numbering of sections as provided below: The Human Resource department performs a number of functions, which may either be categorised as providing for Human Resource provision or Human Resource retention. Although, your management teams understands that Human Resource provisioning provides for bringing human capital into an organisation, they have a challenge with Human Resource retention, which involves strategies and practises to maintain the existing human capital within the organisation while tapping into their full potential. To enlighten your management team and address employee retention challenges, Evaluate various Human Resource retention practises that are used by your organisation and recommend more strategies that can enhance the retention of competent employees within the organisation.