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Talent Acquisition
Talent Acquisition is the process of
attracting, finding, and selecting highly talented individuals who align with the business strategy, possess required competencies, and fit in the organizations culture who will integrate smoothly and productively into the organization.
leaders
from high attrition and employee turnover The employers often complain that the employees leave the organisation for a better salary even if the hike is very nominal Is money alone the retention driver? Are there any other drivers to retain the employees?
from the Organizations. To study retention strategies used by the organizations to retain Employee Talent.
Research Methodology
Sampling Technique-Simple Random
Sampling Sample units -Private hospitality organisation in Bangalore Sample Size -52 respondents comprising of both male and female respondents Primary data -Through structured questionnaire and interview schedules Analysis of data-Simple percentages, mean score, deviations, graphs, pie charts
subordinate relationship is vital. They would not hesitate to leave the job if the boss was a problem No growth opportunity/lack of promotion (60%) For higher Salary (80%) For Higher education (26%) Misguidance by the company (30%) Policies and procedures are not conducive (43%) No personal life (35%) Physical strains (33%) Uneasy relationship with peers or managers (28%)
functionally-incompetent boss , emotionally-incompetent boss and positional boss 39% of respondents said their boss failed to keep promises. 37% indicated their boss failed to give credit when due. 31% said their boss gave them the "silent treatment" during the past year. 27% reported their boss made negative comments about them to other employees or managers. 24% indicated their boss invaded their privacy. 23% said their boss blamed others to cover-up personal mistakes or minimize embarrassment.
culture) Financial (base salary, incentive, bonuses, options, benefits, recognition) Personal (quality of work, skills, training, selfleadership, opportunities) Relationships(owners, managers, peers, mentors, customers)
Challenging and exciting work Career advancement and growth Great working environment and Fair compensation Are important from the employees perspective
Are important from the employers perspective The employers of today have very well understood the requirements of the employees
expectations to the employees Fight attrition with smart training Proper Rewarding by recognizing the efforts of the Employees Imbibe Pride in ones work (Improving the brand image of the organisation)