How to Stop Employee Turnover in India
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Stop Employee Turnover in India! 4 Easy Ways to Engage Your Top Talent
description
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
Stop Employee Turnover in
India!4 Easy Ways to Engage Your Top Talent
Indian labor market has one of the world’s highest attrition rates! It can even reach up to
50% in some industries .
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!
Key Drivers of Attrition
3What Seems to be the Problem???
1. Because they Can!
Young Indians are looking to fast-track theirlearning experiences and seniority
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!
3. Bad Management53% Indian employees are dissatisfied with their immediate manager.
*Source: Right Management, 2011
Ways to Keep Your Top
Talent!
4“Employee Engagement” is the Solution!
Make the “Career Path” Clearly Visible
Breed a New Generation of Leaders who can Rise Above
All!
“Invest” in Training And Development
Give them the
“Autonomy”!
