Employee Retention and Attritition is a problem among Madurai employers/companies

It is not like those days, where Eastern countries in the world has a policy of staying with the company for life long or at least in a stretch around 5 to 10 years with the same company. In some cases, it is considered dangerous and complex if someone stays in the same company for around 5 years. People see it odd.

In western countries, we have the formula of hire and fire from employer or vice versa by the employees as well. But, the same thing is happening with the eastern countries also these days, considering the number of opportunities lying before them.

These days our country (India) and our cities has become like that. Employers are having tough time retaining their employees. When it comes to small companies with one person handling one whole department or too much responsibility has the companies suffer a lot when an important human resource gets relieved for some reason or mostly for better opportunities.

I have talked to various companies in Madurai and their employers small and medium and they have the same concern that employee retention has become a problem.

One of the mitigation actions by the employers would be

1) to have a tie up with a placement consultancy locally and have them replaced soon. (Sponsored by Sana Placement Services 9629559591 or sanaconsultantsin@gmail.com)

2) motivate the employees and keep them as partners or long-term employees, so that they stick to the company for long.

3) give perks and allowances to the employees periodically. Give small small stuff for their motivation.

4) give bonus periodically; propose salaries with variable bonuses separated from the salaries.

5) have constant fun meets with good food and if needed parties to entertain.

6) take care of them when they are not well.

7) Prompt payments on first of the month helps a lot to keep the employees with the company.

Good Luck Madurai Employers!!