Introduction “Retention of right employee in the right job at the right time with a right pay and good working environment leads to organisation’s growth and success” Employee retention refers to policies and practices the companies adapt to prevent main employees from leaving their jobs. How to preserve valuable employees is one of the toughest tasks that are making the companies to strive hard to survive in the competitive marketplace. Usually replacement costs of an employee are 2.5 times the salary
Introduction “Retention of right employee in the right job at the right time with a right pay and good working environment leads to organisation’s growth and success” Employee retention refers to policies and practices the employers adapt to prevent main employees from leaving their jobs. How to retain valuable employees is one of the toughest tasks that are making the companies to strive hard to survive in the competitive marketplace. Usually replacement costs of an employee are 2.5 times the salary of
activities. In large number of cases incidence of absenteeism due to religious ceremonies is more than due to any other reason. 2) HOUSING CONDITIONS Workers also experience housing difficulties. Around 95% of housing occupied by industrial workers in India is unsatisfactory for healthful habitations. This leads to loss the interest in work. 4) INDUSTRIAL FATIGUE Low wages compel a worker to seek some part time job to earn some side income. This often result inconstant fatigue, which compels to remain
colonial period, India was under British government and the industrial relations were only means to maintain the colonies, the role of India at that point of time was to maintain the peaceful industrial relations so as to have continued production. In the post-colonial period, India started to develop its industrial relations structure based on the pre-existing colonial law. The main purpose of doing that was again to achieve industrial peace and have continued production. Meanwhile, the India unions were
Employee attrition was found pertaining to the IT sector specifically in the context of a developing country like India, Africa, China etc., It isn’t always unusual nowadays to study in the newspapers or see on television that employees here or elsewhere are enticing on business action or are threatening to leave their jobs. (Chinonona, Chinomona & Joubert, 2013). Though, evidence shows that it is more expensive for companies to hire new employees than it’s miles to retain currently serving employees
Labour regulations in India Efficient and well functioning labour market is important for India’s equitable growth. Market not only has to provide jobs to 80 million new labourers in the coming decade but also has to ensure productive and decent jobs. Further it should also lead to reduction in poverty and increase equity. Regulations pay an important role in efficient functioning of the labour market. Regulations affect the efficiency as well as the flexibility with which workers are allocated
or HR, handles a great many issues in the workplace. Importance of Human Resource Development; Recruitment, training, career advancement, position classification, discipline, performance appraisal, promotion, pay and service conditions; employer-employee relations, grievance redressal mechanism; Code of conduct; Administrative ethics. Today we are to discuss Personnel Administration which is a very important aspect of Public Administration as well as Private Administration; in fact
At Annexure – V is the position on the implementation of the directions of the Supreme Court, as contained in the affidavit of the Secretary of Labour, Government of India on December 4, 1997. 2.7 The National Child Labour Policy The idea of adapting a separate policy on child Labour was not only to place the issue on the nation’s agenda, but also to formulate a specific program of action to initiate the process of progressive elimination of the child Labour. The policy consits of three complementary
Ford India was established in 1995 as a wholly-owned subsidiary of Ford Motor Company, a global automotive industry leader. Since then, Ford has invested more than US$ 2 billion in India to expand its manufacturing facilities and dealership footprint to meet rapidly rising demand in one of the world's fastest-growing auto markets. Ford India currently operates a modern, integrated manufacturing facility at Maraimalai Nagar, near Chennai, which produces its award-winning range of products including