HR Funda

A lot has been and continues to be written about the significance of retention of key talent and strategies that companies need to adopt to retain human capital. Having the right retention strategy always tops the wish list of any organization. Retaining key performers is extremely critical for all organizations, small or big, start-up or established !

I would like to recount below some key pointers that definitely need to be considered and implemented by an organization intending to do it right.

1.Any task done with passion is bound to meet with success.

Organizations are built on passion of a few individuals. As the organization grows, it is imperative that this passion becomes infectious and rubs off on each and every employee. When employees share a passion and are passionate about what they do within an organization, it will be highly unlikely they would want to consider other job options.

However, as the organizations grow in size, the passion gets lost somewhere in the growing phase and every one gets too caught up with the operational demands of the organization. Therefore, it is essential that every influential/key stakeholder within the organization ensures not to lose focus from keeping the passion alive in every single employee, old and new. Read more…

Performance Assessment is a very critical component of the HR System within an organization. It is a process by which an organization measures and evaluates an individual employee’s performance for a defined period of employment. An efficient assessment system enables an organization to continually assess and improve individual and in turn organizational performance.

Performance evaluation of team members should be an ongoing exercise with informal meetings happening regularly. It is ideal to have formal bi-annual reviews so that the progress status, areas of improvement and plan of action for the rest of the assessment period could be agreed upon and recorded.

The review meeting should be more of a dialogue where the assessor gives the assessee ample opportunity to share his inputs and concerns, if any.

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