Hi Friends:
Till a decade-and-a-half back our economy was closed. Employees did not have many options. Even CEOs salaries were regulated by the GOI under the Companies Act, 1956. Even to pay the CEO a salary of Rs.7500 per month, the Companies were required to go to Government for approval. Today the scenario has totally changed. All meaningless corporate and economic law regulations were dismantled. With the entry of tens of MNCs in India and the emergence of many Indian Companies as MNCs a whole world of career opportunities has has sprung before a knowledge worker. I do not find anything wrong if a capable employee can find a better employment and opts for it. Why not he seize this opportunity and make hay? It is the job of the Companies to create conditions for his continuation.
The question is if you want a really knowledgeable and capable person continue in your organization and contribute to your growth, how you handle him; how you make him own the enterprise; how much learning opportunities you give him; how you enable him to grow in the organization; how you treat him fairly; how you treat his meaningful suggestions and advice and how a rewarding career you secure him and how you treat him like a partner in your enterprise are the crucial factors that will decide whether a really knowledgeable and performing individual will stay and continue in the organization. Though attrition is a multi-headed monster afflicting every organization including the very best ones, if the Organization follows the policies spelt out above scrupulously the attrition problem will be far less than that of organizations without these employee-centric policies.
Finally, beware employers! Today it is the age of knowledge. Every person with real knowledge can write his own salary cheque! He does not bother whether his opportunity is here, there or elsewhere!!
R Sundararajan
Chennai
From India, Madras
11Till a decade-and-a-half back our economy was closed. Employees did not have many options. Even CEOs salaries were regulated by the GOI under the Companies Act, 1956. Even to pay the CEO a salary of Rs.7500 per month, the Companies were required to go to Government for approval. Today the scenario has totally changed. All meaningless corporate and economic law regulations were dismantled. With the entry of tens of MNCs in India and the emergence of many Indian Companies as MNCs a whole world of career opportunities has has sprung before a knowledge worker. I do not find anything wrong if a capable employee can find a better employment and opts for it. Why not he seize this opportunity and make hay? It is the job of the Companies to create conditions for his continuation.
The question is if you want a really knowledgeable and capable person continue in your organization and contribute to your growth, how you handle him; how you make him own the enterprise; how much learning opportunities you give him; how you enable him to grow in the organization; how you treat him fairly; how you treat his meaningful suggestions and advice and how a rewarding career you secure him and how you treat him like a partner in your enterprise are the crucial factors that will decide whether a really knowledgeable and performing individual will stay and continue in the organization. Though attrition is a multi-headed monster afflicting every organization including the very best ones, if the Organization follows the policies spelt out above scrupulously the attrition problem will be far less than that of organizations without these employee-centric policies.
Finally, beware employers! Today it is the age of knowledge. Every person with real knowledge can write his own salary cheque! He does not bother whether his opportunity is here, there or elsewhere!!
R Sundararajan
Chennai
From India, Madras
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