Attrition, Employee Engagement and Retention probably still seems to be haunting the IT/ITES HR community. Though most of the community has reclined to the fact that this cannot be eliminated in a booming industry which is the current scenario of the Indian IT market, there still seems to be some hope coming.
I was fortunate to have attended the Nasscom seminar on "Total Rewards Management" in Bangalore on 26 April 07. The Panelist included quite a number of prominent HR folks who debated whether Total rewards Management is the the same as C&B which mean old wine in new bottle or would it be the next buzz word or HR Mantra to employee engagement and talent aquisition.
Some felt that it would take employee engagement perspective on different planes, others felt it to be just another synonym for C&B. There were still others who felt this cannot happen without a TOP - Down approach and especially in today competetive market where even studies by major consulting companies may not be true given the fact that most of us hesitate to divulge the true facts.
Call it whatever, ultimately, it all trickles down to common sense and logic and ultimately how much an organisation can invest on a resource....so back to square one, wheres the money and are we ready to implement such a thing at this point of time???Food for thought...
Thursday, April 26, 2007
Total Rewards Management - NASSCOM Mantra to manage attrition???
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That is so very true...ültimately it trickes down to common sense"...when i stated reading the blog I thought it would be another essy on managing attrition...but this one boils down to common sense..
also the ealier post spoke about how job portals add on to the attrition....someone else laughing all his way to bank when the HR burns in hands in losing one candidate and sourcing one more in place of him...going through the entire process all over again!!!!
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