Revolting door
From last summer, Renuka Vembu on the dodgy subject of personnel retention:
Salvaging the talent pool is a tough task for companies and HR departments alike. However, this is an inconvenient truth in the stark reality of attrition versus the desperate efforts of retention. Any organization suffers when the most efficient and valuable employee decides to part ways — be it the top notch or lower down the ranks, they create a vacuum — either for the company in large or in their immediate frame of surroundings.
Employees are said to be a company’s greatest asset. Attracting, safeguarding, nurturing and preserving them is a mission in itself, which takes total commitment and endorsement. While the middle management has a career chart well in place to take on the next position, the top hierarchy has a contingency plan laid firm. It is the group which is lower down the ranks for whom there is no succession planning strategy in place, and who comprise the volatile lot. They are easy targets of poaching in the competitive talent market.
Then again, that was last summer. An eternity ago. About the time of my last vacation, in fact.
