hi , during resesion salary could not be apprised, infact it is other way out,rather then using the tactis of downsizing for cost cutting u could retain ur present work force at mutually agreed less salary
From India , Lucknow
From India , Lucknow
I want to do PHd in HRM amd my area of interest is training and development. can u please suggest me any related topic as a reference or idea.
From India , Surat
From India , Surat
Dear Friend,
The best way to retain the employees is to trust them. They are like ambassadors of the company and happy employees portray a company in positive light. HR people must know what the competitors are offering and what are the problems their so that the same can be conveyed to the employees.
One way to retain employee is say retention bonus, for example if an individual stays with the company for say two years, s/he would be entitled to say Rs. 10000 cash, greater the duration, greater the amount. This amount would also vary depending on designations. Higher designation means higher retention bonus. This is being used in BPOs and KPOs.
From India , Gurgaon
1The best way to retain the employees is to trust them. They are like ambassadors of the company and happy employees portray a company in positive light. HR people must know what the competitors are offering and what are the problems their so that the same can be conveyed to the employees.
One way to retain employee is say retention bonus, for example if an individual stays with the company for say two years, s/he would be entitled to say Rs. 10000 cash, greater the duration, greater the amount. This amount would also vary depending on designations. Higher designation means higher retention bonus. This is being used in BPOs and KPOs.
From India , Gurgaon
Hi! Friend,
As we all know that recession is global phenomenon & the same 'll not persist for long , therefore down sizing the strength of employees will instead of temporirly solution will difinitely have impact on employee performance. Rather employee must be strongly motivated 2 overcome this problem in developing a crisis task team.
Tks
maheshpandey
From India , Calcutta
As we all know that recession is global phenomenon & the same 'll not persist for long , therefore down sizing the strength of employees will instead of temporirly solution will difinitely have impact on employee performance. Rather employee must be strongly motivated 2 overcome this problem in developing a crisis task team.
Tks
maheshpandey
From India , Calcutta
Dear Ram,
If your company is financially stable then their is no problem of having an Appraisal,or else i suggest if your companies financial position is not so bad during the time of recession give your employees a minimum hike so that atleast their stay motivated.
Regards,
Elvira
From India , Mumbai
If your company is financially stable then their is no problem of having an Appraisal,or else i suggest if your companies financial position is not so bad during the time of recession give your employees a minimum hike so that atleast their stay motivated.
Regards,
Elvira
From India , Mumbai
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.
less salary City-India-Delhi monetary benefits job security employee performance training and development cost cutting phd in hrm salary hike career growth it companies retention bonus happy employees Country-India
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