On Retaining Talent

by Vinaya HS on December 31, 2006

in Business & Management

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The January 5, 2007 edition of Outlook Business features an article titled “When Working Class Rules.” It’s about organizations going out of their way to retain talent – a supposedly scarce resource in India’s booming economy – by offering big hikes, free holidays, and company-sponsored foreign education. I think the article is too narrow in it’s writing. You would be forgiven for believing that everything is hunky-dory in the industry.

Such “retention perks” might be true at the top-management level. But I doubt that the same is true at the middle and junior levels. Even more so at BIG companies where a middle or junior-level employee is just another resource – expendable and replaceable. The primary reason, I believe, lies in HR policies. Most companies have inane HR policies which make it just about impossible to aspire for higher roles and responsibilities. It really does not matter even if you sweat and earn a higher degree out of your own pocket, but you most certainly won’t get what you want. And you most definitely do not want to move back to your old job! Why did you earn that higher degree in the first place? The only option, therefore, is to move on.

That raises a couple of question: “Does loyalty to your company matter any more?” and “Why do companies place the greatest emphasis on degrees as opposed to practical skills?”

What’s the scene at your organization?




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