why is it important for personnel management to know the
reasons for staff leaving the organisation?
Answer Posted / vertika srivastava
The average time-to profit-time period for a new hire in any
industry is about nine months,suggesting that a fresher
begins to break-even the investments made on him/her and
earn profit for the firm only after nine months.Exit of an
employee before the nine month period can cost up to five
times of his or her paid salary.
HR managers need to be proactive and develop innovative
employee interventions to retain talent.Some suggestions are:
1. Quality of supervision
2.Perception of equity in rewards-both monetary and
non-monetary.
3.Scope for the employee to speak out freely.
4.Meeting's at least a month, to share the company's vision,
industry's growth and how employees see themselves in the
changing scenario help a great deal.
5. Salary hike.
6 Exit interviews etc.
Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
What screening and selection methods are available, and which ones are most accurate? Explain.
AFTER DONE B.S.C NON MEDICAL ,WHY DID OPT HR AS SPECIALISATION
What are the key issues that should be addressed in the design, conduct and evaluation of training programs?
in which ways should the work structure change to make it easier for employees to actively practise what she/he has learned form a training intervention?
Hi Friends I am selected for syndicate bank po interview..?Any one have idea about interview send details to me...My email id arunbalaji.nagarajan@yahoo.co.in....Bye.
how can we communiucate as realistic a picture as possible of a job and of the organization to prospective emplyees? What kins of issues are most crucial to them?
From a strategic perspective, how can senior management make the best use of human resource function?
hi every one..........i hav applied to hpcl as management trainee....plzz help me want sample written test papers (aptitude and subject)
what is conteolling?
What type of compesation and rewards available in most of the organisations? and how to improve it?
What is your experience in employee safety, counseling and welfare matters? What are the state laws in this regards?
How much, do you think, is the role of recruiter important in a placement?
effectiveness of frienge benifits on employee productivity
i will go for f1 visa 3rd time. Can i get visa? i am doing job in finace company, they ask me why are you want to study now(means after gap)? what is the ans of this question?
why do you want to do mba after bsc zoology hons