Companies that do not handle their staff sensitively fail to attract talent when need it the most and are also weighed down by a demotivated workforce. A great pool at all times is of paramount importance and needs to be groomed and developed.Companies are taking people related initiatives as there is a need to handle human resources advantageously, so that they do not loose the competitive edge in talent management. At Coco-Cola India’s Gurgaon headquarter receive four liters of company beverage free in a program called ‘Weekend Funda’.In a tiny gesture that is supplemented with other services like concierge and crèche services, a diversity council and a coke university for workforce training to assist in keeping motivation high.
The company claims that this has helped in keeping attrition at an all time low of 15%IGate is among a few firms that have continued to offer stock options to its employees. There are long term investments measures for weddings, families, even retirement, as the company is of the opinion that people wish for a compensation by which they can focus on comfortable quality of living and not on cost of living.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
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