Can we combat attrition

When we wander in the humongous land of Google, we come across numerous definitions and meanings of the word attrition. Amusingly it is extensively used in the fields of warfare, medicine, geology, language etc. The one apt to our context is that the attrition is the measure of number of employees moving out of an organization during a specific period of time. A classic example would be the case of Wipro, one of the top IT companies in India. In 2014 Wipro witnessed an attrition level of 17% and employees with 5-6 years of work experience...

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CROSSWORD ON ATTRITION

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Don’t worry, we’ll be fine...

Employers must put contingency plans in place to minimize disruptions if top-level managers leave. Knowing why a senior executive has resigned can help employers prevent or prepare for similar exits in future.  This article looks at five more: ·         Poor communication Clear and consistent communication between the senior management team ensures senior executives are fully involved within a business. Without this, they are likely to feel excluded, undervalued and lack the...

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Best workplaces are 'female-friendly'

Just what makes a workplace great? The answer is more elusive than you might think, given that more people are versed in the dysfunctional work environment than in the truly exceptional workplace. Fortunately, the research consultancy that produces Fortune Magazine's 100 Best Companies to Work For rankings - the Great Place to Work Institute - knows a thing or two about what builds trust and engagement among workers. What stands out on this year's list, published last week - software provider SAS took top place - is that many of the firms...

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Companies go all out to win women over at work

Indian HR heads may not be in a hurry to roll out egg-freezing perks like tech giants Apple and Facebook. But several of them have introduced their own woman-centric policies to help attract and retain talent — from offering exclusive parking lots to IVF leave. MTS India, for instance, has made available special parking spots for women employees who drive to work. "There are also cab drops for female employees who end up working late as well as a security guard in case any female employee needs escorting," says Tarun Katyal, chief...

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HR SCORE CARD

                          HR score card is a visual representation of key measures of human resource department. It includes achievement, productivity and other factors that are important to organisation like cost, training, hiring, turnover, performance management etc. HR score card was developed by academicians Bryan E. Becker, Mark A. huselid, and Dave Ulrich and presented in their book “THE HR SCORECARD: linking people, strategy, and performance “, issued by Harvard business...

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HR professionals' role has become challenging

With modern day companies striving hard to retain and develop talent, the role of human resource professionals has become more challenging and crucial, said industry experts. "HR professionals, who were earlier deemed to be a part of the 'operational side' of the company, now have become 'strategists' as they have to retain, motivate and nurture talent to help an organization grow," said Kedia Infotech and e-Seva World chief executive officer Ashok Kumar Kedia, while addressing the seminar on 'Smart HR management: Working smarter and using...

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E COMMERCE, START-UPS TOP B-SCHOOL CAMPUS PLACEMENTS

Recruiters heading for campus placements will find the batch of 2015 free of the usual jitters. Placement cells of more than 11 top B-schools point out this may be the best placement season in the past few years. Factors such as bigger pay packets, more job offers and companies waking up from a hiring freeze have resulted in students displaying a larger risk appetite and testing the market for recruitment despite pre-placement offers (PPOs) in hand. Placement cells of IIM Indore, XLRI, MDI Gurgaon, NMIMS,IIM Calcutta and IIM Lucknow have...

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5 Trends Driving HR Technology In 2014

   Let’s take a look at the top five: 1) The world is your oyster (and your talent pool).  Real talent knows no geographic borders — no country has a monopoly on the most sought after, up-to-the-second skills that are needed in IT, social media, software programming, science and math. You want the best, no matter where he or she lives. The trick is to find them. This means taking your search global by increasing your presence on networks that have worldwide reach. Aggressively seek out talent sites and forums...

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Employee Engagement

In today's cut throat competition scenario, employee turnover is a very delicate issue. Attrition rates are increasing. Most employees tend to leave a company due to disengagement. Disengagement at work is considered a costly and  highly frustrating problem. Treating employees as human and not experimental robots makes reducing the problem a little simpler. In order to counter this issue engagement has become a major buzzword across all corporates. According to a survey recently taken by Deloitte, Seventy-eight percent of leaders say it...

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Learning and Development issues in Indian Context

Learning and development is the bedrock of talent management. It touches and is the key-driver behind, nearly all parts of the talent cycle and is actually a core enabler for delivering many of the talent processes. In the last two decades the Indian economy has witnessed tremendous change in terms of global competition and technological advancement. As a result of these changes a lot of organisations have had to undergo restructuring which has led to a significant transformation in the work practices. This has led to demand for new job skills,...

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50 BIG IDEAS TO CHANGE L & D

Our task is to take those 50 ideas to change Learning and Development. Explain how and why we can/have/should make it happen. Alternatively, why they shouldn't. So, the big 50… Make connectivity and sharing a catalyst for all learning. Stop claiming every person will be competent. Have people design their own quality criteria, and develop frameworks to help them understand how. Celebrate learning by celebrating performance. Don’t...

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Role of L&D in the 21C Workplace

It is increasingly becoming evident that L&D department in organizations can no longer function the way they used to, at least not if they want to be relevant and be a business partner to the organization. The impact of technology, globalization, ubiquitous connectivity, remote work and distributed work teams, and economy of individuals to name a few drivers have changed the face of workplace learning and performance dramatically. Workplace learning in many places is still struggling to come out of the Industrial Era where workers were trained...

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How Learning & Development Must Change: Three Challenges

“The three points of change have always been part of the L&D function, but today’s greater speed of technological change, combined with the increased importance of learning to the modern organization, means these three facets of the modern L&D department are crucial to its success.” The three challenges we face today The result is that L&D must change the way it operates in today’s world, in three ways. In particular: We must develop content collaboratively. The L&D department can no longer work at a remove from the rest...

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