War of talent: What are the causes which help in attracting and retaining the right / bright talent ... especially in recent and coming times ... ?

We found two types of employee in an organisation. "Ordinary" and "Extra Ordinary"

Difference between these two is just little bit "EXTRA" What ordinary people does that is OK for them, and they are happy with their performance. But Extra Ordinary people always produce more prominent result with their little bit of "EXTRA" effort, and think they can produce more effective result for their self satisfaction.

There are various aspects that decides the retention, A clear communication channel, creating confidence to the employees that they are part and parcel of the company, showing that you care and recognizing their contribution. Money alone will not retain them, their self satisfaction, social recognition for their job etc do have the impact. However it's all largely on the management's approch towards creating an excellent culture with the company.

Its always difficult for an organization to retain a talented employee. Every employee will look for a change at one point of time. Its inevitable. Salary, working environment, people, infrastructure, facilities etc. etc.. All the things can make a person to stay with a company for a particular point of time only. I have seen candidates looking for change just because of the reason that they are with the current company for more than 3 years or 4 years. I have seen candidates giving reason for change that they are getting bored seeing the same office and same people. Retaining an employee for a particular point of time is possible but we cant retain him till the end of his career. If that case is happening it will be a Poisson Distribution only.

The causes that help in attracting and retaining the bright talent are:-

-Job Clarity

-Rewards and Recoginition

-Growth

-KRA's and KPI's  mentioned clearly.

-Regards

Ashutosh 

I seriously doubt that any employee can be retained by being provided with Job Satisfaction and Appreciation. In my personal Experience, I have seen employees migrate from jobs with excellent growth & work opportunities for a slight raise in their package as provided by another company. Despite the latter not being able to provide job satisfaction or facilities as provided by the former company.

I have built up a perception that you cannot retain an employee with whatever offer you may choose to provide hm with... (As long as the offer is to hand him over the complete shares and management of the company).

In today's time, employees, seldom appreciate the perks or merits provided by a company and focus hard on the NET IN-HAND INCOME gained from a job.

Be it finacial expectations from their families or perhaps their nature of short-sightedness, or perhaps the lack of proper financial education, the talent today, focuses more on "What they will get today" as compared to "What they might get tomorrow".

In a nutshell, today's generation has lost its RISK taking abilities. Apparently, there is no fixed way that you will be able to retain them for sure except, if you keep on incrementing their salaries every quarter.

:|

I feel that if the employee has love for his work and gets proper and relevant appreciation he will never leave the job. His talent should be explored by the organisation and this will also serve as a cause to retain him. He should be given a feeling that his work makes a difference to the company.

I feel sincerity and devotion to work is the main aspect for retention and promotion in work.Apart from this one should think the company as his own company for which he is working.Than automatically talent of the person is to get exposed to the CEO or the MD.Continuous and never ending success will always be there in his life.