Last September,I,as an MHRM-student in IISWBM had the chance to attend the HR-section of the annual corporate panel-discussion of the MBA-department,'Insight'.The HR-discussion addressed the topic of employee-retention.Industry-honcho's like Bhaskar Das,EX VP-HR,Cognizant,Sujoy Banerjee,VP-HR,Macknally Bharat & Subroto Deb,Manager-HR,Balmer & Lawrie enlightened the audience as they came up with varied experiences of theirs which expressed extremely profound feelings.
Special concern was raised on the decreasing level of employee-tolerance in contemporary industrial-scenario...as with rapid globalization & MNC's zeroing in on India as the cheap outsourcing option,there's really no dearth of opportunities for professionals now to switch companies if they wish to.Even if they stay back,5-6 years of service,seem to become the elligibility to expect a long-service award,specially in young industries like IT.Therefore,it becomes an uphill task for the HR-folks to find ways to retain employees,satisfying their 'conditional loyalty'.
However,from my personal experience in Cognizant,where I had come across managers who have stayed back in the same company for as long as 12-15 years on an average,still makes me believe that employee-loyalty is not an outdated trait.It goes to show the impact a truely transparent organizationl environment can have on employees,primarily by dint of effective enabling of work-life balance & sheer comfort-level of interaction amongst employees,irrespective of designations.
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