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Employee Retention and Bonds
Human Resources » Attrition and Retention


Chrm Message From: donna Total Posts: 53 Join Date: 15/07/2006
Rank: Manager Post Date: 29/06/2007 23:59:14 Points: 265 Location: Afghanistan

Dear Friends,

We are an IT company investing a lot of time and money in training up fresh Engineers on various platforms. However, once they are trained, they are being actively targetted by our competition. We would like to institutionalise some system so that they serve us
for atleast a period of 2 years after joining.

I would like to know what are the various options under which we can enforce a 2 year lock-in with the company. I understand that bonds are not always legally enforceable and implementation of this is not easy. I would like some views on going about the same.

Thanks

donna

Chrm Message From: prashantthakkar Total Posts: 37 Join Date: 15/07/2006  
Rank: Executive Post Date: 30/06/2007 00:00:46 Points: 185 Location: Afghanistan

Hi donna,

It is not appropriate from HR perspective to put lock-in period of service. In my opinion, when a person is not willing to continue in a company, you can force him to stay but if u force a person, he will not put his heart in the work. As soon as two years will be over, he will leave. How long u can force a person to work with u? A person who is not motivated will not stay long. Better to take some steps that the people are motivated to stay and put their full efforts in the work. Its again a debatable issue how to motivate people?

Regards

Prashant Thakkar

Chrm Message From: paulthomas Total Posts: 43 Join Date: 15/07/2006  
Rank: Executive Post Date: 30/06/2007 00:01:46 Points: 215 Location: Afghanistan

Well, to motivate a person!!!!!! do u think it is in our preview. As rightly said by one of the Management Thinker "Self Motivation" is the best motivation. My comment would be that we can make people realize how imp they are to the co and can be a catalyst and support them.

Chrm Message From: ruchi@hr Total Posts: 41 Join Date: 15/07/2006  
Rank: Executive Post Date: 30/06/2007 00:02:50 Points: 205 Location: Afghanistan

hello to all good people out there !!!

if the day has started with self motivation, i would definatly like to say something on it. for self motivation one has to have an optimistic mind & he really should feel happy & satisfied with wht he is doing & its the leader's duty to make feel him that what he is doing is equaly impt to wht the leader is doing, i personaly feel this realization can really make person or take way that person.

Ruchi

Chrm Message From: goldmanu Total Posts: 1 Join Date: 15/07/2006  
Rank: Beginner Post Date: 18/08/2008 00:18:18 Points: 5 Location: Afghanistan
Dear All, Hello, As it is not possibl eto retain an Employee by the means of bond,then what are the other methodologies an HR should have to use to retain the employees.
 
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