| - Raj Gupta, Head HR KPO & Life Science & Healthcare at TCS BPO. | 
	
  
 "For many people a  job is more than an   income – it's an important part of who we are. So a  career transition   of any sort is one of the most unsettling experiences  you can face in   your life" Paul Clitheroe 
    
     
  There   is a very high cost of attrition as lot of time, effort and energy is   invested in bringing the employee on board, assimilation and integration   with company culture, values and nuances. Simply put, it could be   minimum 3 time cost of their annual compensation.
  
  
  
    Despite such a high cost, still we as HR Professional continue to behave   like any other department.  In the fast changing business landscape, HR   role is not of policing or personnel administration, however,   expectation from HR is to play a strategic business partner role as   success of companies depend on its human capital and leveraging of its   potential.
    
     
    1.  Build people skills of middle management  :   A whole lot of time and efforts are spent in organization doing   attrition analysis  and in understanding key reasons of attrition,   however, majority of times across industry / organizations, 3 key stated  reasons emerges despite granular analysis : -
  
    - Career Opportunity
 
    - Compensation
 
    - Personal Reason
 
  
  
  However, when you get into   details and peel the onion, un-stated reasons starts appearing and most   of time the reason has to do with lack of opportunity for capability   building, emotional turmoil, lack of job satisfaction, respect at work,   dis-satisfaction with Manager etc.
 
        
    It is a acceptable fact in the Industry that 80%   of employee leave their Managers instead of their organization. In   spite of this fact,  in the Industry, we continue to promote people for   their operating skills and then make them in-charge as Team Leader /   Asst. Manager while aligning career of 8-10 associate with them as   Managers.  However, do not spend time upfront in developing new managers   people skills. They continue to do what make them successful so far -   INDIVIDUAL XCELENCE which brought them here, however, will not make them   successful in their new jobs.
    
    It is a high time that we start paying attention to developing people management skills of our Managers.
    
    
    2. Focus on Capability building and creating an eco system where people development is at the fore-fornt of leadership mindset.   While it is difficult to stop attrition completely, however, by   focusing on  building people capability, you can make the "PULL" factor   by competitors difficult.
    
   
 3. Communication on Compensation & Benefits -   Majority of organizations fail to position their compensation   philosophy / benchmarking / structure and thus fails to leverage the   advantage vis-a-vis their competitors. This is 1 factor that could make PULL difficult from your competitors - however, instead of making it difficult, we rather help in PUSH.   We must go beyond salary communication at the time of recruitment   negotiations and communicate periodically about benefits that includes   other than salary i.e. Group Medi-claim Insurance Scheme, Personal   Accident Insurance Scheme, Company Leased Accommodation, Recreation,   Cafeteria, ATM, gym  and Concierge facilities; Personal Health Care   (Regular medical  check-ups), Loans etc. Make your compensation   framework transparent and do not shy away from having an interaction   with employees on broader contours of your compensation approach.
    
  
  
  
    4. Engage employees over & beyond their day to day job   and ensure that their insecurities and vulnerabilities are addressed   appropriately and timely through various programs and practices which   could be designed keeping in view organization context and requirements.    Leveraging operating employees to partner with human resource team   through a well defined program can go a long way.
    
    5. Provide Growth Opportunities and communicate about them. Majority of companies do provide Growth opportunities, however, fail to leverage due to lack of communication on this front.
    
   
 6. Managing expectation of employees is a key. Let top Managers / readers   step out of their comfort zone and assimilate with employees and right   align their expectations.  New Millennial want to grow fast and it is   essential that they are coached in right earnestness.  The fact is 80-90% people remain at staff level, 4-7% in Middle Management & 2-3% at Top Management.   It is essential that we align our employees and emphasize on the   inevitability of building competencies / capabilities rather than having   a single minded focus on  vertical growth. It is OK to not get a   promotion but to deserve it, rather than getting it while you do not   deserve.
    
    Poaching of employees by competitors for higher  salaries drives them to   change jobs. However, working on employee  capability building and   fairly compensating them while stressing upon  the fact that employee   needs to dig deep at least at 1 place to belong  to Top Leadership as   both depth and breadth are key to senior leadership  positions.
    
    7. Provide opportunities for skill up-gradation through training intervention or  internal job assignment / movement.
    
    8. Career Pathing plays a key role.   It would serve the purpose if all employees who have spent > 18-24   months in the system are pro-actively spoken and asked for their career   preferences to bring about a spark and end Monotony of work
    
    9. Creating Training Academies with in and also do tie up with    institutions. Create Sabbatical policy so that those employee who wants    to pursue higher education can do so without leaving their job.
    
    10. Effectiveness of Reward & Recognition -   work hard and party harder is the mantra in IT/ITES industry.   Celebrating success is a key.  Strong reward & recognition framework   keeping in view the context and levels also plays a critical role in   employee retention.
    
    In addition to the above, it is important that people at leadership level stop doing paralysis of analysis.   The time and effort that I have seen goes in making power point   presentation on attrition, could be well utilized by making leadership   step out of their comfort zone (cabins ) and share their experiential learning's which shall help not only in people development, however,  at the same time will help create a "psychological contract" which is essential for retention in competitive business landscape in a fast developing economy.
 
  
Raj Gupta is a seasoned HR professional with overall 16+ years of experience. Currently, he is the Head HR KPO & Life Science & Healthcare at TCS BPO.