Dear Friends, As the market and industry have started showing signs of recovery with jobs opening up in almost all sectors, the old problem of talent exodus is bound to come back to haunt organizations once again. However, this time attrition may appear to be different from the last one. The reason being both organizations and employees have seen each other's patterns of behavior during the slowdown period. Organizations that sowed the wind with harsh measures such as drastic pay cuts and terminations should now be prepared to reap a whirlwind in the form of major difficulties in attracting performers and retaining the present ones. Employee turnover has started picking up in the IT/ITes sector with others to follow. How organizations treated their employees during hard times will be a key determinant of the attrition level and the fabric of the employer-employee relationship. This time attrition will not be only for quick growth and money. Business Manager - HR Magazine talked to many employees in different sectors on this issue, and the result of this pulse survey is quite enlightening. Maximum employees have indicated that they will prefer organizations with transparent HR policies and culture, a caring attitude, high tolerance level, and good financial health, no matter if the compensation package is less if an opportunity comes across. Certainly, big brands and MNCs will no longer be the only attraction. With the economy rebounding, organizations that have not invested intelligently in their people and adopted knee-jerk reactions during the slowdown could face a high level of attrition now. The cover feature of BM is on this topic with a note of caution for the HR fraternity to pull up their socks to handle the issue as it is almost on a plate. Free trial copies before subscription are available on a first-come, first-serve basis. You may request with a complete postal address. Regards, Anil Kaushik Chief Editor, BUSINESS MANAGER B-138, Ambedkar Nagar, Alwar-301001 (Raj), India Landline: 0144-2372022 Mobile: 09829133699
From India, Delhi
Acknowledge(0)
Amend(0)
181From India, Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Effective employee retention strategies-BPO. doc
Attrition Control and Retention Strategies for Changing times.ppt