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Authors
Affiliations
1 JSW Energy, Lanco Power and Toshiba Corporation of Japan, JP
Source
Review of Professional Management- A Journal of New Delhi Institute of Management, Vol 10, No 2 (2012), Pagination: 81-86
Abstract
For several companies in Manufacturing and Heavy Engineering sector among Indian Inc, the current political and economic climate provides only a momentary relief from the "skilled labor shortages" that they are facing for many years. Consequently, today HR's highest priority is no longer how to recruit scarce and rare skills but rather how to identify and retain their top-performers and how to develop a high-performance culture that will position their firm as an employer of choice when things turn around. Following Business circle, the economy will be in the path of recovery and then recruiting top talent will become an issue once again. It has been well proved through experience as well as through statistics that employees seldom quit for financial reasons; instead they quit because other professional needs related to broader working conditions and work culture go severely unmet. This paper presents some best practices in addressing employees' professional needs when it comes to retaining and attracting experienced skilled employees.
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