Do Or Die

It is a known fact that many of the employers face a challenge to keep the talented workforce with them and control the attrition, especially during the times of the company's disability to reward their employees as per the industry standards. Today I would like to share and idea while i was surfing online and talking to friends from different organizations. I gained this knowledge with some constant interaction with some HRs of different companies on social networking sites such as facebook, linkedin and also through a live discussion with them. The first thing you should do is during their annual review identify those whom you think can be convinced to stay if you give them a counter offer after they got an offer letter from another company and pay them the minimal hike or rewards for that year. This is true regarding almost all the employees so if you cant identify them then assume that all can be convinced with a counter offer since people often would like to stay with a long...

"Make sure you tell them how great they are, how great their work is but how and why you can't and don't reward them for their greatness or contribution" you can always tell a person to go out of a company if you are the boss, at-least that is how it was few years ago in almost all the companies and now that situation is still there in many companies if not not in all the organizations. Over a period of time people have realized that it is messy to tell someone to go and you don't need them anymore. It can be because of their low performance or low efficiency or they have become a luxury or a white elephant. A white elephant is someone whose is an overkill for your need. A white elephant is someone who is very good at what he or she does but also have become and expensive and luxurious commodity. If you have job that can only by done by an elephant then you can get any elephant but a white elephant is rare and super expensive and it does not make sense to hire ...