How to Stop Employee Turnover in India

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Stop Employee Turnover in India! 4 Easy Ways to Engage Your Top Talent

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High attrition is posing a huge problem for Indian companies. It is not only time consuming to hire new recruits every quarter, it also directly influences the bottom line figures. To compete successfully in a complex and hostile market, organizations need to learn to retain their top talents. And here's a guide to engage them effectively and convince them that this is the best place to work at!

Transcript of How to Stop Employee Turnover in India

Page 1: How to Stop Employee Turnover in India

Stop Employee Turnover in

India!4 Easy Ways to Engage Your Top Talent

Page 2: How to Stop Employee Turnover in India

Indian labor market has one of the world’s highest attrition rates! It can even reach up to

50% in some industries .

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Attrition Rates in Major IT/Tech. Giants

Wipro Infosys HCL Tech TCS

23%

15.8% 15.7%13.1%

*Source: Motilal Oswal for June Quarter, 2011-2012

Even the Best are Fighting!

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Key Drivers of Attrition

3What Seems to be the Problem???

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1. Because they Can!

Young Indians are looking to fast-track theirlearning experiences and seniority

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2. Market FrenzyIndia needs an estimated 2,735 additional managers each year, and only 1,740 are in the pipeline. Employers are competing aggressively for their share!

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3. Bad Management53% Indian employees are dissatisfied with their immediate manager.

*Source: Right Management, 2011 

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Ways to Keep Your Top

Talent!

4“Employee Engagement” is the Solution!

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Make the “Career Path” Clearly Visible

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Breed a New Generation of Leaders who can Rise Above

All!

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“Invest” in Training And Development

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Give them the

“Autonomy”!

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