Why Employee leaving their dream Organisation, just for salary package hike?

Employee Retention involves taking measures to encourage employees to remain in the organization for the maximum period of time. Corporate is facing a lot of problems in employee retention these days. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. There is no dearth of opportunities for a talented person. There are many organizations which are looking for such employees. If a person is not satisfied by the job he’s doing, he may switch over to some other more suitable job. In today’s environment it becomes very important for organizations to retain their employees.
Employees today are different. They are not the ones who don’t have good opportunities in hand. As soon as they feel dissatisfied with the current employer or the job, they switch over to the next job. It is the responsibility of the employer to retain their best employees. If they don’t, they would be left with no good employees. A good employer should know how to attract and retain its employees. Retention involves five major things:
1)COMPENSATION:
Compensation constitutes the largest part of the employee retention process. The employees always have high expectations regarding their compensation packages. Compensation packages vary from industry to industry. So an attractive compensation package plays a critical role in retaining the employees.
Compensation includes salary and wages, bonuses, benefits, prerequisites, stock options, bonuses, vacations, etc. While setting up the packages, the following components should be kept in mind:
Salary and monthly wage: It is the biggest component of the compensation package. It is also the most common factor of comparison among employees. It includes
o Basic wage
o House rent allowance
o Dearness allowance
o City compensatory allowance
Salary and wages represent the level of skill and experience an individual has. Time to time increase in the salaries and wages of employees should be done. And this increase should be based on the employee’s performance and his contribution to the organization.

Bonus: Bonuses are usually given to the employees at the end of the year or on a festival.
Economic benefits: It includes paid holidays, leave travel concession, etc.
Long-term incentives: Long term incentives include stock options or stock grants. These incentives help retain employees in the organization's startup stage.
Health insurance: Health insurance is a great benefit to the employees. It saves employees money as well as gives them a peace of mind that they have somebody to take care of them in bad times. It also shows the employee that the organization cares about the employee and its family.
After retirement: It includes payments that an Employee gets after he retires like EPF (Employee Provident Fund) etc.
Miscellaneous compensation: It may include employee assistance programs (like psychological counseling, legal assistance etc), discounts on company products, use of a company cars, etc.

Yes Reetesh i am also supporting you. Big organisation are mainly lagging in this. Their salary and benefits are normally lesser than mid size organisation. These compaies are feeling that employees are working due to big brand butnow days maximum employees switch jobs while getting good salary hike.

company should focus on these issues. They should focus on promotion and these kind of stuffs.

yes ... I am totally agreed with on this point that the employees are the assets for any organization ...But the fact also is that that the top management also well aware that in INDIA there is enough talent is available out there  who are waiting of their chance that is why big companies making big profit and not giving enough increment or any package to motivate their employee’s .

Dearest Darshana,

I really support your argument as employees are the asset for company,

if we not retain them we have to invest lot of maoney in hiring new employee and training them

Present Company should identify their skills & should give them a moredrate hike in salary on time.