Community » HR Forums » Human Resources » Attrition and Retention» Employee Retention and Bonds
Employee Retention and Bonds

Last post August 18, 2008 00:18 AM by goldmanu. 1 repiles.

June 29, 2007 11:59 PM 1
Total Posts: 53
Join Date: July 15, 2006
Rank: Manager
Post Date: August 18, 2008
Posts: 53
Location: Afghanistan

Employee Retention and Bonds

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

June 30, 2007 12:002
prashantthakkar
Total Posts: 37
Join Date: July 15, 2006
Rank: Executive
Post Date: June 30, 2007
Points: 185
Location: Afghanistan

Re: Employee Retention and Bonds

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

June 30, 2007 12:013
paulthomas
Total Posts: 43
Join Date: July 15, 2006
Rank: Executive
Post Date: June 30, 2007
Points: 215
Location: Afghanistan

Re: Employee Retention and Bonds

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.

June 30, 2007 12:024
ruchi@hr
Total Posts: 41
Join Date: July 15, 2006
Rank: Executive
Post Date: June 30, 2007
Points: 205
Location: Afghanistan

Re: Employee Retention and Bonds

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

August 18, 2008 12:185
goldmanu
Total Posts: 1
Join Date: July 15, 2006
Rank: Beginner
Post Date: August 18, 2008
Points: 5
Location: Afghanistan

Re: Employee Retention and Bonds

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.