Category Archives: retention

Attrition: The ticking time bomb in Industry 2

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An article that featured in the Economic Times today Attrition is a complex, cultural and leadership challenge with no easy answers. In 2012, according to HR consultant Towers Watson, Attrition in India was 17%, higher than the 11.2% salary rise. At this level of Attrition, an organisation in 2020 will have only 22% of the employees it had in 2012. The salary rise in 2013 is expected to be 12.4%;

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

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

AceNgage 2017-08-01T05:38:40+00:00 Rating 3.7/5 based on 3 ratings and reviews