“Compensation is only one of many
factors in the recruitment/retention equation.” - Paul Schwartz
Presently most of the employees are
not loyal to their organizations. They
often job hop for better career opportunities elsewhere. Previously employee
loyalty was treated as an asset.
Presently employees feel that if they stay for a longer time within the
organization they are treated as liability by the employers as employers may
perceive that the employees are not getting better opportunities elsewhere.
Attrition is high despite recession
currently especially in IT and ITeS sectors. Employees leave companies due to
various reasons such as better career opportunities or compensation or
promotion or bad bosses or due to various other reasons. Studies show that the
employees who stay longer time within the organizations have better chances to
reach senior positions quickly. Hence,
loyalty is not a liability but an asset for employees as it pays in tons at the
end.
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