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India Inc sees benefits of Employee Retention 1

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Organizations are accelerating their talent retention strategies, which experts believe would increase the stickiness of employees to their jobs for longer terms. The fact that retention is more cost effective than hiring is now being brought out strongly in research as well. Some statistics: The cost of replacing an employee ranges from 29% (non-management) to 46% (management) of the person’s annual salary. The new hiring cost that, on average, would

“What do employees look for in an Organisation” 1

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I ran a survey on “WHAT DO EMPLOYEES LOOK FOR IN AN ORGANISATION” on the blog and I would first like to thank each of you for taking time out and participating in it. The final results are: A great team to work with – 84% A nice compensation package – 16% A big brand (products, services, image) – 0% A great office (location, interiors, facilities – 0% I must

The need to retain Seasoned Professionals 1

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THE NEED TO RETAIN SEASONED PROFESSIONALS A seasoned professional in organization will necessarily have most of these characteristics – He or she would have been a tenured employee, would have played different roles in the company across functions and business units, would consistently meet organizational and business goals, have personal rapport with many of the colleagues at different levels in the organization, have a knack of getting things done quickly

Bee the change 1

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A good friend of mine from college has always explained to me how there is so much to learn from the bees. Patient, hard working, disciplined, meticulous are some of the many virtues that the bees have, he would explain. While initially I didn’t pay too much attention I was impressed with the amount of passion he showed every time we would have a conversation about bees. Eventually I started

Is it the end of the road for BPO’s ? 1

Is it really the end of the road for BPO’s in India? More and more people I talk to seem to think so. While I would like to beg to differ, I hope I am not being overly optimistic. A good friend recently pointed to me that the quality of people joining has definitely deteriorated. Back in 2003 all companies would hire graduates, quite of few of them talented and

When the going gets tough… 1

The economic situation is not good; the govt is at its weakest, gold prices are dropping, sensex tanked after RBI announced the much awaited steps to revive the economy. In general, it does not paint a pretty picture. The signs are pretty clear, our Country along with the rest of the world is going through a phase where Companies will struggle to attract new clients and post high levels of

First Day at School 1

My son started going to a new school a few days back and was going through separation anxiety. He repeatedly kept telling us that he wanted to go home and that he could start the next day etc. He was crying until we reached the school gate at which point one of his teachers took him from us and asked us not to worry. The teacher looked pleasing, confident and

Increasing Joining Ratio 1

In the recent past I have seen that Companies are getting more creative and are looking at different methods to engage with employees much before they even join the company. This proactive approach goes a long way on ensuring that the new employees feel a lot more valued. It also reduces first day anxiety levels as employees are briefed on what to expect, whom to meet and also for outstation

Nobody wants to be a bad Manager 1

Its been busy on the personal & professional front like it always ‘appears’ to be , in most of our cases 🙂 HR teams are busier these days , most of them trying to ensure that the Managers complete the ‘task’ of sending out the Annual appraisal scores of all the team members. Don’t you wonder why this gets done only with several reminders , and in the very last

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