Home About IUP Magazines Journals Books Amicus Archives
     
A Guided Tour | Recommend | Links | Subscriber Services | Feedback | Subscribe Online
 
Effective Executive Magazine:
Retaining Talent : Challenges to HRM
:
:
:
:
:
:
:
:
:
 
 
 
 
 
 
 

 
 
 

With the economy experiencing robust growth, the role of HR managers has become more arduous. The challenge of acquiring new talent and retaining the existing talent is only going to intensify. Whats the road ahead for HR managers?

Remember the song in the movie, Titanic-"Every night in my dream I see you". Now this is just the song most HR managers are singing today, which if we rephrase will be like: "Every night in my dream I see some people leaving the organization and I am again calling my headhunter to fill in the newly created gap". Well it may not rhyme like a song, but one can put oneself in an HR manager's shoes to know what he is going through.

The attrition rate of employees in organizations is alarming. Take any industry, any sector, any organization and you can find more than enough examples of employees joining and leaving their workplace. All this adds to the worry of HR managers who are only left with the option of scratching their heads and singing No Mercy's all-time hit-"Where do you go?"

As an HR manager, one may be able to find out to which company an employee may be joining, but may other questions like why do employees not stick to one company? Why do they leave? etc., remain unanswered forever. Hence, the regular merry-go-round of hiring and training continues.The Sensex is at an all-time high-Q3 results across the sectors have shown impressive performance; markets have been booming with IPOs queuing up; and consumer confidence is becoming rock solid. It can only get better and better. Everywhere there is a wave of optimism and the economy is expected to grow at the rate of around 8%.