Saturday, December 25, 2010

Retention War is ON again

With hiring taking the fast lane in most sectors, poaching is back with a bang. Airline is one such sector; demand is picking-up and need for more staff is imminent. Jet has recently not only restored the salares of pilots and cabin crew staff cut in 2008 and 2009 but also recalled the staff it retrenched during the same period. Around 250 old staff members re-joined Jet, some of them leaving their jobs in other airlines. IT is also on the same track. The job market is buzzing with IT requiring more than 4 lakh engineers every year. Every IT professional is today having more than one job offer in his/her mail box.
Such a scenario will definetly put stress on retention of employees especially that of key talent. HR professionals beware, the challenge is not only to get right (number and type) of hires but also to prevent organization from becoming a 'leaking-bucket'. Engagement of employees will be key  not only to keep people in fold but also to create and strong advocacy of the company by employees themselves and thereby boost referrals for getting quality and compatible people. Anyone listening???

No comments: