We all come across in a situation when we start feeling an anxiety to get out of an organization. It all happens because of various parameters that affects our day today professional life.
Small setups are generally hugely affected by outgoing talented resource. There could be several reasons when one would look for a change.
1. Distance
2. Travel time
3. Pay
4. Work Environment
5. Appreciation
6. Career Growth
7. Brand Image
8. Job Security
9. Work life balance
10. Leaves
11. Company policies
12. Management
13. Work Resource
14. Employee Development activities
15. On site work
List can go on an on.
A small setup can work toward above parameters to improve attrition rate.
Distance and travel time are affected by the mode of transport Companies can offer pick and drop facility for employees. Alternatively if it not possible to provide such service they can offer like patrol incentive and can introduce car pooling kind of concept. So the employees will reach on the time to office.
Pay : It has been a debatable topic how much to pay. A start up has to offer to good pay to attract a good talent in organization. Also they should remember not to over pay somebody who is less qualified compare to other employees. How to we judge who is less qualified. Simple answer is Year of Education, Education institutions, Number of years experience, Kind of work he or she has done in past. For example a person with undergraduate degree has 5 years of work experience. Another person with post graduate education has 5 year work experience. In this case generally companies tend to pay equal which is incorrect. Because another guy has invested more in education so ideally he or she has total 2+5 = 7 year experience. This is one of the example where company tend to make mistake not to consider education.
You can pay equally to an accountant and clerk even though both have same experience.
to be continue....
Small setups are generally hugely affected by outgoing talented resource. There could be several reasons when one would look for a change.
1. Distance
2. Travel time
4. Work Environment
5. Appreciation
6. Career Growth
7. Brand Image
8. Job Security
9. Work life balance
10. Leaves
11. Company policies
12. Management
13. Work Resource
14. Employee Development activities
15. On site work
List can go on an on.
A small setup can work toward above parameters to improve attrition rate.
Distance and travel time are affected by the mode of transport Companies can offer pick and drop facility for employees. Alternatively if it not possible to provide such service they can offer like patrol incentive and can introduce car pooling kind of concept. So the employees will reach on the time to office.
Pay : It has been a debatable topic how much to pay. A start up has to offer to good pay to attract a good talent in organization. Also they should remember not to over pay somebody who is less qualified compare to other employees. How to we judge who is less qualified. Simple answer is Year of Education, Education institutions, Number of years experience, Kind of work he or she has done in past. For example a person with undergraduate degree has 5 years of work experience. Another person with post graduate education has 5 year work experience. In this case generally companies tend to pay equal which is incorrect. Because another guy has invested more in education so ideally he or she has total 2+5 = 7 year experience. This is one of the example where company tend to make mistake not to consider education.
You can pay equally to an accountant and clerk even though both have same experience.
to be continue....
