Hi,
I am facing a problem of low joining hit ratio. :cry: We recruit good people and they willingly accept the offers also as our salaries are matching to industry standards. During their interviews they get to know about their role and they explicitly say that we are eager to work with this company. But :?
I am planning to implement few schemes to improve upon, like:
1}Joining Bonus
2}Reimbursement of shortfall in the notice period (previous company)
Can anyone recommend few suggestions to overcome this issue?
And what amount should be given as joining bonus (according to industry standards)?
Kindly suggest soon as I have a meeting with my seniors regarding this.
Karishma
From India, Bangalore
I am facing a problem of low joining hit ratio. :cry: We recruit good people and they willingly accept the offers also as our salaries are matching to industry standards. During their interviews they get to know about their role and they explicitly say that we are eager to work with this company. But :?
I am planning to implement few schemes to improve upon, like:
1}Joining Bonus
2}Reimbursement of shortfall in the notice period (previous company)
Can anyone recommend few suggestions to overcome this issue?
And what amount should be given as joining bonus (according to industry standards)?
Kindly suggest soon as I have a meeting with my seniors regarding this.
Karishma
From India, Bangalore
karishma,
you can set a percentage on their salary to decide upon the joining bonus, like it could vary between 10% to 13 or 14%, based on your hiring budget,...
however the trick here is, do not give the entire amount in hand when he joins..
Devide the amount into 2 installments. give half amount in his first month's salary and the second half after he finishes 6 months...
Also do mention a clause that if in case the person leaves the company within 1 years time, he needs to pay back the entire joining binus amount...
This is what we have implemented in our company. you can revise this ideas and then plan your actions.
Regards,
Roopa
From India, Bangalore
18you can set a percentage on their salary to decide upon the joining bonus, like it could vary between 10% to 13 or 14%, based on your hiring budget,...
however the trick here is, do not give the entire amount in hand when he joins..
Devide the amount into 2 installments. give half amount in his first month's salary and the second half after he finishes 6 months...
Also do mention a clause that if in case the person leaves the company within 1 years time, he needs to pay back the entire joining binus amount...
This is what we have implemented in our company. you can revise this ideas and then plan your actions.
Regards,
Roopa
From India, Bangalore
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