Monday, September 11, 2006

attrition

with the huge talent crunch staring at every industry it is not surprising that every one is trying some thing new...i read about this article where Recruitment managers no longer look at attrition data (may be they want to save themselves a potential heart attack) but their retention rate!... of course the fact this is plain mathematics turned on its head...but any thing to feel better...
jokes apart ...it is useful to understand the half full glass perspective also and see how one can increase it....

i also read about the Infy HR chief mourning the death of the sensitive employee who was willing to wait it to get his rewards....i couldn't agree more but what can we do ....every day brings a new company to the shores of India who are willing to throw moolah to attract the good guys - with exciting challenges ...and today's youth is in the pursuit of challenges....

greater the attrition greater the pressure on all businesses and this has led to a sort of mean war of poaching talent at all levels. Reliance has no qualms in going to press and announcing that they intend to poach from a south based retail firm to fill their ranks - for there new retail venture...
This trend in turn requires recruiters to hone their skills in an area which was traditionally dominated by Executive Search firms - that is "poaching cum headhunting"

Now i wonder how many of us of actually spared a thought on the same. it is definitely a subject which today has become an art and that too a difficult one.....

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