Delay
attrition
To stop attrition the Indian corporate sector is devising
innovative ideas to retain talent.New economy companies
are paying cash bonuses to the tune of 25-30% if employees
stick on for 12-24 months.Some are sponsoring spouses along
with the staff for subsidised management development programmes.Performance
bonus or performance linked bonus are also being used extensively.Innovative
insurance plans are a big hit among employees and their
families.The attrition rate in a company generally shows
whether a company is a good place to work and how effective
is its HR policy. Attrition control now goes
beyond general HR policies as in these booming
conditions with scarcity of available talent , attrition
is bound to be high across all industries. A high
rate of attrition generally gives a negative picture of
the company. Companies are now sensitive aboutdisclosing
attrition rates and are finding ingenuous ways to keep
the attrition rates low. Some companies would generally
quote the industry average than their own attrition rates
if their attrition rates are on the higher side.
How to steer your career into an
abyss
If you are determined to steer you career into an abyss
look no further - the following blunders would enhance
your chances substantially:
You think you have all the answers.
You underestimate major obstacles.
You are the centre of the universe.
You love to dominate and you are obsessed with yourself.
You would eliminate anyone who is not agreeing 100% with
you.
You are not open to change relying on what worked for you
in the past.
Leadership Qaulities-What do companies
look for ?
High energy levels. Everyone appreciates high energy level.
Also the capacity to take risks. Out of 10 thing you would
do 8 would fail- every one knows that. But if someone doesn't
fail, the person is not trying at all.
Love your job and the excitement doing your job would keep
your boss excited about you.
Get to know what drives your business; learn the fine nuances.
Learn to prioritise and learn to delegate.
Giving credit when due and accepting resposibility for
failures. Also , if you realise a mistake and you continue
with it- it usually comes at a much higher price.
Every team has a bottom 10% and if any one spends a considerable
amount of time in that category, you have to let go of
them . As sometimes you simply do not have the time to
get them re-skilled.
Looking presentable. Outward sophistication goes along
way in creating the right image about you.
Secrets of Success
The easiest thing to remember -" Always make your
boss look good". Analyse your boss, his /her work
style and be proactive in filling up the gaps your boss
would most likely forget .It may involve a little extra
work but you would surely make yourself indispensable.
Report issues to your boss before any one else does.
Make your self visible. You may be performing well but
would you rather lie low and let some else take the credit?
Let other people know about your work , your special talents.
Promote yourself. In the corporate world it does not pay
to be humble. If you have successfully completed a project
- let you boss know. Send a memo to your boss stating " task
completed" but be subtle , it is good idea to replace
the "I" with " we". It shows that you
are a team player |
