Talent management as well as retention practice is one of the core challenges faced by many organizations today especially in the private sectors of the economy. In this research, a conceptual model was developed and applied in the context of the talented faculty retention policy of a private university in Bangladesh. The study was conducted primarily to evaluate the current scholarly human resource retention practices of the university from the faculties’ point of view. The research identified the key elements of talented human resource practices, which strongly influence the decision of high-potential faculty members to remain in the organization. The result shows that university culture and policies, working environment, teamwork relationship and challenging opportunities are significantly related with the talented faculty retention policies practiced by the university.