Thursday, June 7, 2007

Corporate ENLIGHTENMENT

I would highlight two genres of organization who believe that employees can be retained in two ways:

1.Give them challenging roles. Understand their interest and give an opportunity to prove themselves.
2.Engross them in other activities. Conduct Fashion shows, sports tournaments organize frequent events.

The question is which one interests more to the generation now? Most of the companies have a high attrition rate. Some of the organization has a bench rate of 52%. Are the employees more concerned about the fun part of the Corporate or the work of Corporate or the employers are failing to understand the needs to their employees. The organizations have become more like a product which packages itself well so that some priced customers’ takes it but the reality peeps out soon. The thinking quotient has surely changed. Now, a person believes in working in a firm, which can give him more independence in terms of decision making and challenging roles. A career-focused individual is certainly broadening his vision to work for a small firm rather than working for an MNC and get lost in the crowd. The most important thing to understand is an organization can hook its employees in the corporate events for some time but in the long run the feeling of being in a monotonous job creeps. The organizations should come out from the long followed policy and take a drastic step to change it. The change is to make the employees feel home in the office where the employee should have the rights to take decisions upto a certain limit and given challenging job role. There can be ways through which this can be achieved.

1.Remember, hiring new employees cost more than retaining old one. So, make sure, job rotation is followed as a policy and every employee should be given a chance to change his/her profile within a year if not interested.

2.Make the maximum use of Benchees. Rather than looking outside, the benchees can be asked to jump on the roles depending on their interest whenever certain employee needs a change which can best be termed as Replacement.

3.Not to forget, Marketing is not ahead of Performance. If marketing is good but the product fails to deliver then nothing can save the product from dieing. Its necessary to organize the corporate events but it should not be regular thing. The employees get diverted more towards to it rather than his job. Employee interaction should be frequent with the HRs. Workshops is certainly helpful in a month where the Manager along with the employees and HRs can discuss on how to make the best use of the employees.