Dear HR friends, can any one tell , how to bound new employee to stay on oversees posting like in US for at list for 1 year .
From India, Bhopal
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1From India, Bhopal
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There is no guarantee that an employee will stick around for one year. However, the company can provide good working conditions, growth avenues/prospects, and conduct operations in a manner that employees would not want to quit. India is not like North Korea where slave labor is the norm, as I keep reading.
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From India, Pune
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From India, Pune
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Hi,
You can use the following facility to incentivize an employee for long-term association:
- Offer him/her a package that includes a fixed incentive after one year.
- Provide superannuation and specify that if anyone leaves before one year, they will not receive the amount.
- Create a bond with the condition that breaking the bond will result in the loss of the service letter.
- Implement a quarterly incentive scheme with a policy of increment after every quarter.
Regards,
Ashish
From India, Pune
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You can use the following facility to incentivize an employee for long-term association:
- Offer him/her a package that includes a fixed incentive after one year.
- Provide superannuation and specify that if anyone leaves before one year, they will not receive the amount.
- Create a bond with the condition that breaking the bond will result in the loss of the service letter.
- Implement a quarterly incentive scheme with a policy of increment after every quarter.
Regards,
Ashish
From India, Pune
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Retention Strategies from Recruitment Stage
The process to retain people should start from the recruitment stage. Candidates should be tested not only for technical skills but also to determine whether they align with the company culture. In your case, you should also consider the family responsibilities and background of the candidate, especially for overseas postings.
Ongoing Engagement and Incentives
Once the employee is in the organization, regular meetings with HR should take place to understand their pulse. An incentive scheme should be devised that is paid out after the completion of one year.
From India, Mumbai
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The process to retain people should start from the recruitment stage. Candidates should be tested not only for technical skills but also to determine whether they align with the company culture. In your case, you should also consider the family responsibilities and background of the candidate, especially for overseas postings.
Ongoing Engagement and Incentives
Once the employee is in the organization, regular meetings with HR should take place to understand their pulse. An incentive scheme should be devised that is paid out after the completion of one year.
From India, Mumbai
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