How Can We Create a Policy to Retain Freshers and Prevent Early Departures?

Hi Everyone, I am in an IT company, and we want to design a policy for employees who join as freshers, including any kind of bond. The reason is that most people join as freshers, we train them, they learn things here, and after a year, they leave the job. The reasons they give are either for further study or financial growth, etc.

Policy Design for Freshers

Please help me with designing such a policy.

Thanks,
Anvi

Even we face the same problem, and most companies do too. So, we came up with a 2-year bond, and at the time of joining, they must submit their original academic credentials. We have just started with these bond arrangements. Let's hope for the best results.

Regards,

Lots of organizations are facing this type of problem. I would like to suggest that you should make a policy for hiring fresher candidates. However, if there are bonds involved, good candidates may not be willing to commit to a long-term bond. Please consider creating a policy that is beneficial for both employers and employees.

Points to Focus on for New Hires

Please focus on the following points that affect new hires:
1) Probation Period & confirmation
2) Office Timing
3) Organizational Culture
4) Performance Appraisal Policy
5) Contract Agreement

For more details, you can get in touch.

Regards,
Hardik

If you enforce the bond, you will likely lose the good candidate. The problem here lies in training:

1. While training, you should provide them with a positive environment.
2. Treat them fairly.
3. Mistakes are inevitable; correct them gently.

Another reason is that a good candidate will always seek better opportunities. Conduct psychological tests to understand their mindset and attempt to influence it positively.

Offer slightly higher pay than the market rate. This way, if they consider other job offers, during salary negotiations, they can say, "This is my current CTC," potentially leading the new company to reject them.

Thank you.

Try to retain original certificates, implement a 1 or 2-year bond, etc., not just to recruit employees, but also to orient them to the job responsibilities and work timings, ensuring they do not feel bored.