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Dear Mr Ramesh Bharadwaj,
It is a very good presentation.
One of the key challenges facing the present day HR skippers is the high attrition rate.
There should be a strategy in place to tackle this issue.
The doyen of Modern Management Peter F Drucker made a pertinent observation in one of his books, at the turn of the century. He describes talented experienced people as KNOWLEDGE WORKERS who would be difficult to be contained. They would readily move, when they get the right opportunity.
Attrition is not new. What is alarming is the unprecedented high rates of attrition.
The magnitude of the problem is greater than ever before and hence has to be effectively addressed.
V.Raghunathan…………………………………………..Navi Mumbai
From India
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It is a very good presentation.
One of the key challenges facing the present day HR skippers is the high attrition rate.
There should be a strategy in place to tackle this issue.
The doyen of Modern Management Peter F Drucker made a pertinent observation in one of his books, at the turn of the century. He describes talented experienced people as KNOWLEDGE WORKERS who would be difficult to be contained. They would readily move, when they get the right opportunity.
Attrition is not new. What is alarming is the unprecedented high rates of attrition.
The magnitude of the problem is greater than ever before and hence has to be effectively addressed.
V.Raghunathan…………………………………………..Navi Mumbai
From India
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Thank you, Mr. V.R., for your comments and contributions to the subject. You are absolutely right that the workforce today is knowledge-based. They frequently make changes whenever they find any opportunity. The role of HR professionals is becoming increasingly challenging. We have to be versatile in our roles. Talent acquisition, maintenance, and retention are crucial for survival in a competitive environment.
From India, New Delhi
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From India, New Delhi
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Dear Mr Bharadwaj Ramesh
Thanks for the prompt reply.
They say in management that an optimist sees a solution to a problem that he faces.
I am not a HR professional but a keen enthusiast and a sincere beginner.
I am tempted to make an approach paper with the following highlights.
SWOT analysis on ATTRITION.
Organizations must make SWOT analysis concentrating on T and O in that order.
Threat - talented employee wants to leave / resigned
Opportunity- Has the management considered all avenues ? –
say pay rise, promotion, higher responsibilities etc alone or in combination
Threat – Extending facilities or agreeing to demand of one, might
create an imbalance in the organization and frustration amongst other employees.
Opportunity – Are the current pay scales at par/ better than Industry / regional norms ?
Is this the occasion to suggest to Top Management for a market correction.
Threat – Whatever you do the person leaves or is firm on leaving ( employee point of view)
Opportunity – Can you extend his period of stay say even with a higher pay for a
shorter period of couple of months to gain time?
Do you have management‘s mandate.
Threat - Whatever you do the person leaves or is firm on leaving ( replacement point of view)
Opportunity - How quickly can the HR arrange a replacement?
Is there a data bank ? How easy or cumbersome is the replacement procedure as per recruitment policy.
If the recruitment is through a professional agency, how quickly they can swing into action.
Threat – The new person would take time to join and the existing incumbent would leave before the new person joins.
Opportunity – True. Is it possible that the new person comes for a short period immediately to understand the basics
before the existing person leaves. Find ways of smooth baton change.
Threat – The new person will take time to understand the organization culture and pick up the basics before he starts delivering.
Opportunity – This is the age of ‘computers and information”. Are systems in place by way of recorded information and procedures to enable the new person to settle down quickly.
I am sure HR professionals would have more to interact and throw more light to alleviate the challenge.
V.Raghunathan…………………………………………………………………..Navi Mumbai
From India
Acknowledge(0)Amend(0)
Thanks for the prompt reply.
They say in management that an optimist sees a solution to a problem that he faces.
I am not a HR professional but a keen enthusiast and a sincere beginner.
I am tempted to make an approach paper with the following highlights.
SWOT analysis on ATTRITION.
Organizations must make SWOT analysis concentrating on T and O in that order.
Threat - talented employee wants to leave / resigned
Opportunity- Has the management considered all avenues ? –
say pay rise, promotion, higher responsibilities etc alone or in combination
Threat – Extending facilities or agreeing to demand of one, might
create an imbalance in the organization and frustration amongst other employees.
Opportunity – Are the current pay scales at par/ better than Industry / regional norms ?
Is this the occasion to suggest to Top Management for a market correction.
Threat – Whatever you do the person leaves or is firm on leaving ( employee point of view)
Opportunity – Can you extend his period of stay say even with a higher pay for a
shorter period of couple of months to gain time?
Do you have management‘s mandate.
Threat - Whatever you do the person leaves or is firm on leaving ( replacement point of view)
Opportunity - How quickly can the HR arrange a replacement?
Is there a data bank ? How easy or cumbersome is the replacement procedure as per recruitment policy.
If the recruitment is through a professional agency, how quickly they can swing into action.
Threat – The new person would take time to join and the existing incumbent would leave before the new person joins.
Opportunity – True. Is it possible that the new person comes for a short period immediately to understand the basics
before the existing person leaves. Find ways of smooth baton change.
Threat – The new person will take time to understand the organization culture and pick up the basics before he starts delivering.
Opportunity – This is the age of ‘computers and information”. Are systems in place by way of recorded information and procedures to enable the new person to settle down quickly.
I am sure HR professionals would have more to interact and throw more light to alleviate the challenge.
V.Raghunathan…………………………………………………………………..Navi Mumbai
From India
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Hi Ramesh,
Attrition is very common, especially in IT industries, and is really a headache as good talent is not easily available in the market. But the employee who frequently leaves a job looking for greener pastures must also remember that a "rolling stone gathers no moss." It is better to stay somewhere on the journey for a longer while to learn new skills. Money should not be the only thing in life to leave a job. They should recollect the story of "Midas touch!"
M.J. SUBRAMANYAM
From India, Bangalore
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Attrition is very common, especially in IT industries, and is really a headache as good talent is not easily available in the market. But the employee who frequently leaves a job looking for greener pastures must also remember that a "rolling stone gathers no moss." It is better to stay somewhere on the journey for a longer while to learn new skills. Money should not be the only thing in life to leave a job. They should recollect the story of "Midas touch!"
M.J. SUBRAMANYAM
From India, Bangalore
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