Employee Retention: HR News, Trends & Workplace Insights

Latest Employee Retention HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Employee Retention.

Updated on: Jul 2022

Talent Acquisition

Employee Retention- How to Design a Better Hiring Process

Jul 21, 2022

Policybazaar Reaffirms Employees with Jeeto Apna Ghar Contest

Policybazaar, Indias largest online insurance marketplace, recently concluded Season of its...

Industry

Jul 12, 2022

Policybazaar Reaffirms Employees with Jeeto Apna Ghar Contest

Spotify to slow its hiring by due to Economic Uncertainty

Popular global audio streaming service, Spotify Technology Chief Executive Officer Daniel Ek has inf...

Industry

Jun 16, 2022

Spotify to slow its hiring by due to Economic Uncertainty

Microsoft slows hiring due to economic uncertainty

Software giant, Microsoft said it would be slowing down some of its hirings to become more cautious ...

Industry

May 27, 2022

Microsoft slows hiring due to economic uncertainty

Compensation & Benefits

Infosys plans to offer bumper salary hikes, promotions, and bonuses

India’s second-largest IT services provider, Infosys announces bumper salary hikes, promotions, and bonuses to its employees to deal with rising attrition. According to media reports, Banagluru-based- IT major plans to offer an average rise of 12-13 percent to its employees in India. The company also plans to give high-potential employees a hike up to 20-25 […]

May 19, 2022

Compensation & Benefits

Microsoft to double the budget for its employee salaries to retain them

Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company is increasing compensation for its employees as the labor market tightens and employees contend with increasing inflation. Microsoft has planned to “nearly double” its budget for employee salary increment and boost the range of stock compensation to give some workers by […]

May 17, 2022

Work Model

IT firm, SMI offers free matchmaking services, wedding increments for staff

An IT firm based out of Madurai, Tamil Nadu has come up with a different retention plan. Sri Mookambika Infosolutions (SMI) offers a special appraisal scheme to its employees to help in finding a spouse. Attrition has become a rising issue and companies are making different strategies to retain employees. Women migrate due to marriage and men […]

May 6, 2022

Talent Acquisition

5 Key Factors Causing War for Talent in India

The term “war for talent” comes from the title of the book written by Mckinsey’s Steven Hankin in 2001. With various turns in the economy, one has seen cyclic phases of war for talent and war for jobs However, this time around the entire cycle got shrunk. Covid 19 crisis and subsequent lockdown in March […]

Apr 15, 2022

Survey & Report

Only 29% IT professionals wish to stay with current employers globally

IT professionals are more likely to leave their current roles than employees in other domains. Only 29.1 percent of IT workers have high intent to stay with their current employer globally, but this number is even much lower in Asia (19.6 percent), according to a new Gartner report. IT workers are extra inclined to stop […]

Mar 15, 2022

Industry

Credit Suisse changes bonus structure for senior staff

Credit Suisse is boosting cash payouts for senior bankers, it told employees on Friday, as it tries to retain top performers after a year of scandals saw its shares lose more than a quarter of their value. The bank, which has been hit by a string of scandals and losses, is increasing the cash portion […]

Jan 29, 2022

Culture & Behaviour

Reflections on Retention & Culture

We were catching up after a long. My ex-colleague KP was on a brief visit to the city. The conversation turned to deciphering whether the Great Resignation was overhyped – 4 million people in the US quit jobs in April 2021 – including ones who were ‘stuck’ in toxic jobs prior to the Covid crisis? […]

Dec 7, 2021

Human Resources

Saurabh Deep Singla, EVP & CHRO, Ecom Express on people-first culture

Saurabh Deep Singla, Executive Vice President and Chief Human Resource Officer (CHRO) for Ecom Express Private Limited, a technology-enabled end-to-end logistics solutions provider to the e-commerce industry. He is responsible for preserving the Company’s unique culture of positive engagement with its 45,000+ employees and counting, overseeing talent management and development, diversity and inclusion, culture of […]

Dec 1, 2021

Employee Retention

New Hiring’s V/s Retention Rate

The competition nowadays has skyrocketed in every field. Employee retention rates have dropped considerably because of numerous opportunities in the corporate world. With each company offering something or the other, it has become difficult for employers to hire people who will not make the switch pretty early or at all. Every field has a lot […]

Nov 30, 2021

Culture & Behaviour

How to Build a Company Culture that impacts Employee Retention

Appropriate hiring, rewards & recognition, and lucrative employee benefits all play a crucial role in employee retention. But is all this enough to retain your A-players? No, it isn’t as long as you don’t have a positive work culture. Work culture is one of the most overlooked factors when it comes to employee retention. According […]

Nov 29, 2021

Employee Retention

Seven Talent Responses to the Great Resignation

The Great Resignation, or spike in talent mobility, should not be a surprise. Many employees have spent the last 18+ months sequestered, often working alone at home with most work connections through technology. Other employees while physically at work have also been socially isolated with safety protocols limiting personal connection. With more personal time to ponder and […]

Nov 25, 2021

Industry

Over 23,000 Cognizant employees have left in the first quarter of this year

The US-based information technology (IT) consulting company Cognizant, one of the world’s leading professional services companies has announced its first-quarter 2021 financial results on July 28, 2021. Cognizant’s attrition for the first quarter escalated to a record high of 31%, of which 29% was voluntary attrition. The company has a total headcount of 301,200. A rough calculation shows […]

Jul 30, 2021