Recovery: Top performing employees headed to jump ships

Monday, 22 March 2010, 15:47 IST   |    5 Comments
Printer Print Email Email
Recovery: Top performing employees headed to jump ships
New Delhi: With economy on the recovery stage, one in every very four high-potential employees is looking for a new job, according to a global survey conducted by advisory firm Corporate Executive Board (CEB). The survey titled 'Executive Guidance 2010' states that an average organization faces an imminent seven percent productivity loss from the combination of departing top talent and undermanaged recruiting pipelines. Employees in India, especially in sectors such as IT and ITeS that are highly people-driven, have already started changing organisations, lured by better offers and higher salaries. To retain its employees, IT companies such as Infosys, MphasiS have already declared salary hikes and 100 percent bonuses for employees in the coming months. Talking to Economic Times, Anirudh Desai (name changed), a Bangalore-based software engineer said, "Many of us are looking for better opportunities now that markets have opened up." The survey covered hundreds of executives globally and around 30 top executives in India. CEB is an advisory firm that helps companies find solutions to their business problems by sharing best organizational practices. In the survey it is found that just 21 percent of employees are to be fully aligned with organizational goals, with the remaining 79 percent less productive on account of not being aligned with the right goals. This could be due to ineffective communication and the inability of managers to properly explain the job profile and objectives to employees. Shaurav Sen, Managing Director, CEB India said, "If organisations enable peer-to-peer collaboration and manager-led dialogue rather than top-down communication efforts, it would help." Sen also asked IT companies to recognize and respond to the emotional effects of the recession on employees and ensure that financial communications are frequent, frank and focused on employee concerns.

siliconindia