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%.
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