If you conduct a survey of industry leaders around what their top ‘people problems’ are, then a large majority will concur that while hiring the right talent is the biggest issue, a close second is the challenge of retaining that same talent. Probe this a bit further, and you will learn that it basically boils down to the millennials who already occupy the single largest segment in the Indian workforce, the figure increasing with each passing year. Millennials, you will be told, come with a whole baggage of expectations. And a reputation for being distracted, insubordinate, money-minded, impulsive, arrogant, and self-centered, to the point of being narcissistic—all of which result in, amongst other things, a consistently high attrition rate across organizations.
There is this common grouse among many senior leaders in the industry: employee loyalty is fast disappearing in today’s workplace. New-age employees simply do not seem to believe in it. But rather than accept this scornfully as a fait accompli, leaders need to start asking the right questions. If there is really an employee loyalty issue with millennials, then what are the reasons for it? And what can be done by company stakeholders to address—and hopefully minimize—this problem?
Denne historien er fra October 2019-utgaven av Indian Management.
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Denne historien er fra October 2019-utgaven av Indian Management.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Listen To Your Customers
A good customer experience management strategy will not just help retain existing customers but also attract new ones.
The hand that feeds
Providing free meals to employees is an effective way to increase engagement and boost productivity.
Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
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For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
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