EXCERPTS TOWNHALL
RETENTION
STRATEGIES
Rakesh Seth
Chief HR Mentor &
B Leadership Consultant
I
n this article I have a briefly
talked about key issues that we
face at the workplace in relation
to retention of key talent and the
role of bonuses, building coaching
culture in an organisation in a
VUCA (Volatile, Uncertain, Complex,
Ambiguous) world. In this scenario
what is the ideal situation, and an
employee courageous attitude when
HR and Legal are mute spectators in
harassment cases in organisations.
Retention bonuses and joining
bonuses; is it not a bribe to an
employee to stick to an organisation?
42
How can we retain talent in a VUCA
world., types of annual bonuses and long-term
bonuses to be offered to key talent.
Businesses are becoming highly
competitive and technology driven.
Talent would be a key differentiator
in success of the organisation.
Companies need to have Total Rewards
(TR) Strategies in place to attract,
motivate, engage, build, and retain
talent during economic buoyancy and
slowdown phases. Companies need
to use Total Rewrds (TR) strategies
depending upon the needs of the
business. The companies design TR
polices taking into consideration all It has been observed that demand
for sign-on and retention bonus
programs increase when the economy
is in buoyant and vibrant modes. Also,
the uptick in sign-on and retention
bonus programs may indicate that the
war for key talent could be heating up
as the economy improves leading to
an increased focus on attracting and
retaining key talent
| Vol. 10 Issue 1 • JANUARY 2019, Noida
My informal research indicates
that employers are using one-time