WATERCOOLER BYTES
Do you think organisations today are putting in their best efforts to curb attrition?
KAMAL MEATTLE, CEO, Paharpur Business Centre:
“Attrition is a major challenge that many corporates have to overcome in today’s highly competitive business environment. Re-hiring can be a very costly affair; it can be a tedious process administratively too, as the entire process of hiring and training is very time-consuming. Losing a key employee has some serious repercussions; it’s a loss of talent, expertise and competencies and companies in today’s talent-starved environment will find it difficult to find the ‘perfect fit’. Also, companies have to incur higher recruitment costs too to fill the vacant position. There are no quick fixes - the only way through which one can minimise risk is by effectively engaging with one’s most important stakeholder – the employee.”
(Compiled by Priya C Nair & Yasmin Taj) To cast your vote, log on to www.timesascent.in