Professional Documents
Culture Documents
retaining talent
Building an exceptional employee base
The development and execution of a corporate strategy
depends
on human capital. Companies need to anticipate their
human
resource needs, develop motivational environments, and
create
adequate measurement policies to ensure that they stay
ahead
of their competitors.
2
Growth challenge
Growth strategies can be disrupted by a high rate of employee turnover. Companies need
to anticipate their human resource needs and develop strategies in order to achieve them.
Growth implies an evolution of resource requirements
As companies grow they require people with skill sets that reflect the company’s evolving
resource requirements. Growth also requires the creation of complex organizational structures
and further departmentalization, which can imply a shift toward greater specialization.
The right people are always in limited supply
Finding and keeping people with the vision and commitment to create and execute a strategy
is as difficult in recessions as it is in expansions.
High turnover disrupts growth
Departures can affect morale. They can also draw away customers whose loyalty is placed
with an employee rather than with the company.
How do companies identify their critical talent?
Critical talent is the people who create the value that an organization needs to succeed.
Answering the following questions can help identify the individuals who represent a
company’s critical talent:
1. Which strategies, skills, and capabilities are crucial to the company’s success?
2. What emerging workforce trends (e.g., supply and demand of engineers) will affect
the company’s ability to deliver value?
3. Who are the people who support the company’s critical talent? Are these supporting
people difficult to replace?
4. Within the company’s critical workforce segments, who possesses the greatest potential? 1
3
An executive’s diagnostic
Planning for the future, establishing motivational factors, and monitoring progress in order to
adapt to changes in the labor market are key steps your company should take when addressing
the challenges of attracting and retaining talent. The following 20 questions will help you
evaluate the effectiveness of your plan and identify potential areas for improvement.
Plan for the long-term Yes | Somewhat | No
1. Are your HR executives involved in your company’s strategic
planning process? | |
2. Do the individuals responsible for recruitment and retention
policies understand the company’s vision, strategy,
and expectations? | |
3. Does your company track conditions in the labor market
and forecast the availability of necessary skills? | |
4. Are incremental headcount requirements and employee
turnover anticipated by the company’s annual
budgeting process? | |
5. Do hiring managers support headcount forecasts with
detailed functional requirements that outline the tasks
to be performed and the skills required? | |
6. Does your company engage in formal succession planning
for key personnel? | |
7. Does your company revisit its attraction and retention
strategy regularly in order to ensure that it reflects changes
in the company and/or the labor market? | |
8. Are your retention efforts focused on high performing
individuals and on the jobs that require particular attention? | |
9. Does your company communicate its corporate culture
and its attractiveness to the labor market? | |
10. Does your company have a strong reputation regarding
employee benefits as compared with its competitors? | |
13
Establish motivational factors Yes | Somewhat | No
11. Do your employees’ compensation packages balance
traditional monetary compensation with soft benefits
such as training and work-life balance? | |
12. Are your employees’ compensation packages tailored to
their particular requirements? | |
13. Do your managers take the time to personally build
relationships with your employees? | |
14. Do you provide your employees with options for long-term
career growth path? | |
15. Does your company have mentoring and training programs
in place to enable the development of employees? | |
16. Does your company foster an environment in which
employees have the freedom to innovate and make key
strategic decisions? | |
Monitor progress and adapt Yes | Somewhat | No
17. Do your current performance measurement tools allow you
to have a clear understanding of how your HR strategy is
affecting the growth of the company? | |
18. Does your company conduct a benchmarking exercise to
evaluate its compensation structure, its culture, HR programs,
and performance management against key competitors? | |
19. Does your company perform employee satisfaction surveys
to better understand their requirements? | |
20. Considering the weaknesses and opportunities highlighted
through your benchmarking exercise and employee feedback,
do you institute changes to your HR strategy? | |
Scoring key:
If more than 75 percent of your answers (16 of 20) are “Yes,” then your company is addressing the
challenge of attracting and retaining talent. If 50 to 75 percent of your answers (10 to 15) are “Yes”
or “Somewhat,” there is more work to be done in order to attract and retain talent. If less than
50 percent of your answers are either “Yes” or “Somewhat,” your company needs to re-evaluate its
approach toward attracting and retaining talent.
Re-evaluate
0–50%
Need more work
50–75%
Ready
75–100%
14
Motivation
People are motivated by different wants, needs and desires — startup talent is no different.
While each individual may have different prime motivational factors, a startup has to provide
a framework that considers all of these factors in order to maintain momentum. Consider
these motivational strategies:
Meaningful work: Most top talent will want to work on meaningful things that will
change the world. This is the main reason they came to your company. Keep the work
meaningful even when it might be mundane.
Freedom to create: Top talent wants to invent and create. Allow them to do that by
encouraging people to solve problems in creative ways. Don’t put a lot of process in the
way. Trust that good people will build fantastic products.
Realistic expectations: Nothing crushes talent like the never ending meat grinder
of unrealistic expectations. Everyone knows they need to work hard but don’t add super-
human effort to the equation — it just burns people out.
Clear goals and objectives: Clarity of purpose allows top talent to get their job
done. Strive to clearly define what is required and then don’t change it. Being indecisive
and constantly changing direction will demotivate even the most motivated person.
Setting these goals does not mean you don’t change them when it’s clear that something
has to give.
Flexibility: Being flexible is not just for the work environment and should be part of
your culture. A culture of flexibility will allow creative solutions for problems that might
pop up.
The great fallacy about motivation is that money is a good motivator. In fact, it’s the worst
motivator for startup talent. If you find talent that is solely motivated by the Benjamin’s, run
far away. It’s true that the attraction to a startup is the potential for huge upside but that’s a
small part of it. The real motivation is to work on exciting products and services that your
talent can directly affect in big ways. When the upside comes, it’s just that — an unexpected
benefit.
Retention
Your attraction and motivation efforts will be for not unless you can retain your talent. The
most important thing about talent retention is that management is fair, balanced and open
with everyone. This can be hard when your startup is going through tough times. Any
retention efforts need to be done well before the crisis or the results will be lack luster. Some
retention strategies include:
Open communication: Treat your talent like part of the team. This means that you
need to be as open as practical to the situation your startup is in. Openness will always be
rewarded with loyalty if it’s genuine.
Treating talent the same: It’s important that a manager treat all her talent the
same. Showing favoritism will drive a wedge between your team. This will lead some of
them to have a “I can’t win” attitude and that poisons your group.
Be flexible within reason: Rigid rules and procedures will just drive talented
people mad. Be flexible yet don’t be a pushover since being too wishy-washy will also
drive people away. Being flexible also means that you allow your people to solve
problems the way they want to.
Looking out for needs beyond the company: People have a life outside of work.
Respect that and allow them to deal with their life issues when they arise.
Being open to suggestions: Nothing drives away talented people more than the
“my way or no way” attitude. Always be open to suggestions, acknowledge good ideas and
respect dissent.
Retention is really an extenuation of attraction and motivation with a bit of forethought
rolled in. The best retention strategy is to build trust and respect before things go bad. Notice
that bonuses were not in the list. Any kind of written down, systematic bonus structure where
people get reward for reaching certain milestones will backfire with talented people.
Remember, the main attraction, motivation and retention factor is the creative environment
your create. Startup talent loves the challenge of a good problem and that will motivate them
more than any monetary reward.
The three defence services are facing a shortage of 14,244 officers and the
Coast Guard was short of 679 officers and over 2,500 personnel below officer
rank, the Lok Sabha was informed today.
"The shortage of officers is around 11,500 in the Army, 1,507 in Navy and
1,237 in the Air Force," Defence Minister A K Antony said in reply to a query.
He added that a number of steps to attract youth to join the Armed Forces
have been taken, which include increase in tenure of Short Service
Commission (SSC) officers from 10 to 14 years, increasing promotional
avenues for officers by implementing the A V Singh Committee
recommendations on the restructuring of officers cadre of the Indian Army
and implementing the Sixth Pay Commission report.
Replying to another query, Antony said the DRDO was facing a shortage of
aeronautical engineers and the premier defence research agency requires 20
such engineers every year for the next five years.
The new academy will function on the similar lines as one that exists in Chennai. Initially the new Officers
Training Academy at Gaya will commence the training of 250 cadets, but in due course of time it will be
upgraded to its full design capacity to train 750 short-service commission officers annually.
At present the Indian Army has two training institutions; one, at the Indian Military Academy ,(IMA) Dehradun
that annually churns out permanent commission officers. The other is Short Service Commission officers
that are produced at the Officers Training Academy at Chennai.
IMA gets its cadets from the tri-Service National Defence Academy (NDA) at Khadakwasla, which is open to
youngsters after class XII, as well as through the `direct entry' route open to college graduates.
The Officers Training Academy at Chennai is open to college graduates only are also struggling for
students. In both the institutions students have to clear a very comprehensive test and this include physical
endurance test as well.
As part of their force-restructuring to maintain a young profile and attract bright youngsters to their fold, the
armed forces are gradually moving towards substantially increasing the number of short service commission
officers in their ranks. The change in intake pattern will eventually lead to one is to two ratio, for Permanent
Commission to Short Service Commission officers.
India Military Academy at Dehradun currently has a capacity to train 950 officers per year, while the Officers
Training Academy at Chennai trains around 500 officers. The capacity at both these academies is also being
expanded to train an additional 100 cadets each every year.
However, the National Defence Academy that enlists high school graduates and turns them into officers for
the Navy, Air Force and also the Army, is struggling for students. The defence ministry records show just
190 students signed up this month against the academy's sanctioned strength of 300.
Incidentally, almost all the three wings of the armed forces in the country are short of officers. The Indian
Army is short of around 11,400 officers. The Indian Navy is short of about 1,500 officers. The Indian Air
Forces grapple with a shortage of about 1,400 officers.
The shortage of the Indian defence force officers becomes conspicuous when we cross check shortages of
the officers with those of its prescribed strength.
The Indian Army has an authorized strength of 46,614 officers. The authorized strength of Indian Air Force is
12,136, whereas the Indian Navy has an authorized strength of 8,797 officers.
India's army, the world's fourth largest, is failing to attract enough youngsters with "officer-like qualities'' for
its 1.13-million strong Army. The second is Indian Army is facing a massive exodus from its ranks, with more
and more officers opting for premature retirement. The shortage of officers in the Indian defence forces is
blamed on stress, low pay, slow promotions and the military's tough lifestyle.
Even though the salaries of armed forces have substantially increased after the 6th Pay Commission, the
youngsters still find them less compared to the private sector. This consideration is put forth especially is
one takes into the account of the life of a soldier which is tough and risky.
Then army has severe promotional bottlenecks. After entering the army, an entry level officer must wait up
to 10 years before donning the flashes of a lieutenant-colonel. But even at that level the monthly basic salary
does not exceed much. The other contributing factors are poor promotional avenues and frequent transfers
that disrupt family life of the officers.
The traditional catchments area like; Punjab and Rajasthan for recruitment of Army officers have gone dry.
Most of the families that have strong soldiers background have stopped sending their wards to the Amy
schools and are keen to send them abroad have hampered the steady flow of the officers in the Indian
Military service.
Added to it is the lack of interest of the Anglo- Indian and Muslim communities in joining the Indian Army that
has resulted into the shortage of the officers in the armed forces. If we check the old records and compare
with the recent ones the total desertions of these two communities from the armed forces is glaring.
We may like it or not, corruption has entered into the armed forces as well. Many talented recruits feel
patriotism and valor the two cardinal features of the deference services are compromised with corruption
coming into its ranks. This has resulted in keeping them away from the defense services.
Indian Army faces a dire shortage of officers because the booming private sector is recruiting the best talent.
The private sector, which has been luring away India 's best talent by offering hefty wages and generous
perks and the government and the services, simply cannot compete in matters of salary and perks with the
corporate world.
The Indian Armed forces has enormous opportunities available outside the services. According to the
defence ministry's Directorate of Resettlement, a third of the 3,000 officers who retire annually enlist in top
Indian business schools. And the corporate world welcomes retiring military recruits with open arms.
This has left the military with poor pickings. Most of those applying are not the right material. Experts feel
that the deficiencies should not be met by lowering the quality standards of the world's largest voluntary
army.
India, which has fought three wars with Pakistan and a bloody border skirmish with China since its 1947
independence, has never turned to compulsory recruitment but such a move could be an option in future to
meet the demand of the shortage of officers.
Compulsory military service could be one of the avenues before the government but at moment it’s not given
much thought but sometime in the future such possibilities cannot to be ruled out.
However, skeptics feel that conscription is not the answer to the problem because it may lead to indiscipline,
waywardness and desertions.
Nonetheless the recruitment issue has become an urgent priority for the army after 3,000 mid-level
commanders recently sought early retirement on top of an existing shortage of 11,200 officers. The army
needs a total of 46,615 officers.
How this anomaly is going to be resolved needs to be seen in the new policies that are going to be evolved
by the government in the course of time. The only good news is thanks to India 's billion-plus population and
high unemployment, the 1.23-million-strong army has no shortages in the lower ranks.
There is no shortage of soldiers in the Army. However, there is a shortage of 11,371 officers in the Army
which is mainly in the ranks of Lieutenant Colonel and below. Several measures have been taken by the
Government to enhance recruitment in the Army.
All officers including those in Short Service Commission (SSC) have been made eligible to hold substantive
rank of Captain, Major and Lieutenant Colonel and equivalents after 2, 6 and 13 years of reckonable service
respectively. The term of SSC Officer has been extended to 14 years.
This has made the Army an attractive career option. Besides Army has undertaken sustained image
projection publicity campaign to create awareness among the youth. Awareness campaigns, participation in
career fairs and exhibitions, advertisements in print and electronic media are also some of the other
measures in this direction.
This information was given by the Defence Minister Shri AK Antony in a written reply to Shri Amir Alam Khan
in Rajya Sabha today.