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Clues for discovering the Holy Grail of Employee Retention
The employee attrition rate in India is at an all time high. The Hewitt Associates’ annual Asia Pacific Salary Increase survey for 2009-10 pegs the turnover rate in India at 13.8 per cent. This high employee turnover rate results in both direct and indirect losses to a company and causes continued and unwarranted pressure on the HR department. I believe that given the current job opportunities the attrition
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Five Ways for Spoiling your Background Check
More than often we are unaware of the repercussions our professional actions tend to have on our future prospects. Certain actions in the pursuit of a new job leave a dent on the information returned during a background check. The following five actions or inactions are a sure shot way of failing your background check and losing out on that life changing job. Read the full article here: http://www.jan
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US, S&P Ratings and a Need to redefine Background Checks
Off late there is but one news that is makings the headlines over all media of broadcast – the change in the US S&P ratings from AAA to AA+ status. There are a million explanations being offered for this rating change, ranging from less than practical US debt management policies to its ‘spend now think later’ mindset. The policies and mindset did have an implication on the economic crises that have lead to
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Background Check Lessons learnt from the Struggle for the Jan Lokpal Bill
So the struggle for implementing a non-government centric Lokpal bill is in full swing. The struggle itself is an epitome for the need for transparency not only on part of individuals but also on the part of different government entities. This struggle is redefining the Indian mindset and holds valuable nuggets of information that can be integrated as part of an individual or corporate growth. In princip
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HR Tips for Spotting a Fake
A HR manager has to browse through umpteen resumes to shortlist the ideal candidates for a given job opening. Keep an lookout on the following pointers can help an HR manager locate a resume with dubious credentials faster. 1. Educational Qualifications: The candidate should show consistency in his educational qualifications. A large list of qualifications within a short span of time should raise a re
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Absconding Employees – Is there any solution for this menace? Part 2
Continuing with the topic, this concluding post will look at the various solutions which have been proposed and debated in the Indian industry to manage the problem of absconding employees. Some of these have come out of the broader debate of managing risk and frauds that can arise from employees. The debate actually started in a big way in the year 2005 when a few instances came up in which BPO employee
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Absconding Employees – Is there any solution for this menace? Part 1
If you are a Human Resource professional working in the Indian market, you would be all too familiar with the deadly menace of absconding employees. Attribute it to the booming job market, lack of professionalism or plain mercenary opportunism, there is no denying that this is one of the biggest challenges which you probably face today. And the experience is probably quite uniform across the size of the com
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Employee Background Verification – The Badge of Trust
There is a great demand for the right people across all lines of employment. The economy is rebounding but this time around many companies are cautious and weary of hiring candidates that lack the right aptitude and the background to get the job done. The hire and fire in mass concept has given way to a more stable and long term relationship building employee-employer dynamics. The crux for this relation be
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