In a market characterized by cutbacks and disengaged employees, decision makers are scrambling to find affordable and effective ways to bring in and retain top talent. Either they don’t find the suitable employee or even if they do, the employee leaves soon.
Companies keep wondering why there is so much of attrition rate in their company instead of providing world-class facilities to the employees, still why they are not satisfied and what do they need? Why employees don’t stay with them and when those employees leave, hiring the replacement becomes a pain for companies and of course it involves training and hiring cost for the employer and to make sure if the new employee is satisfied with the new environment or not.
Often, skilled people leave their companies because they are not aware of the wide range of career possibilities open to them. They may only be aware of jobs within their function or unit, and get discouraged if they do not see anything to meet their own career goals.
One of the simple solutions to this problem is career mapping of employees. It is one of the best retention methods where employee and employer both get the clear idea of the road they will be walking alongside with each other.
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