When and why not to retain top Performers

It is not always wise to offer salary increments or promotions to get employees to stay on; sometimes this can be counterproductive. The most valuable assets of any company are its people, which is why the organisations try to retain the best talent with better compensation and work. It’s a fair thing to do, but how long this strategy will successfully work is something the employers need to ponder over. In order to create a highly engaged workforce that is committed to performance, retaining employees ‘at any cost’ seems a bad idea. Of course, retaining employees has its own benefits —less time and energy spent in scouting for them, no time wasted in acclimatising new joinees, and shorter honeymoon period. This is why, industry experts feel that while there is no harm in...

Attrition, Retention & Engagement:-The BUZZ words

Three industrial buzz “Attrition, Retention & Engagement” is sensitive and abstruse to all industrial world. Few misconceptions about these words are: 1. Attrition and Retention are directly proportional to each other. 2. Retention strategy is based on attrition analysis. 3. Retention strategy is based on comparison of same & similar job grade/pay band in comparable industries. 4. Engagement activities lead to increase in productivity & retention of employees

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