CHANGING JOB - NECESSARY?

Posted by MITHUN BORDE on August 10, 2008 at 2:49pm
Long-term Corporate performance @ Retention of talent-poolThe 21st century has begun with an intense global competition. Most of the corporates have exhausted whatever efficiency and cost cutting improvements there were to be extracted from reengineering and downsizing. Moreover, they have even lost their most valuable assets, i.e., their best employees. It is true that great talents are the loveliest and often the most dangerous fruits on the tree of a corporate. They hang upon the most slender twigs that are easily snapped off. There is no substitute for talent. Industry and all its virtues are of no avail.Today talent management is vital to delivering business results and maintaining competitive advantage. All resources are not obvious, yet great managers identify and develop available talent. However, most of the organisations still have no way of identifying, developing, engaging or retaining their most valuable employees. Once you have attracted talented people, to get a return on your investment, you have to close the backdoor to prevent them from leaving and taking their skills and experience elsewhere.Competition for top talent can be fierce. Having the best salary and benefits package is no longer a guarantee a company can attract or retain the best employees. Money is a necessary, but not sufficient condition to attract, retain and motivate good employees. Today's workforce is demanding more yet not necessarily more money. In addition to flexibility, employees demand social responsibility, especially when it comes to an environmentally friendly workplace and active community involvement. It is the quality of the work itself and of our relationships with others at work that draws us to the best organizations and keeps us there, performing at peak effectiveness. Satisfying employees, by ensuring that they have meaningful work and are treated well, is not only a nice thing to do; it makes a good business sense.Retention management is thus, ethically sound. It is rooted in our care for the corporate, our respect for the rights of others and our devotion to the rule of law.

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