India Inc to weed out job hoppers
The article says:
But while recruitment at lower levels may still be a manageable task, both the industry and recruiters are finding it tough to hire people at senior levels.
"Well, at the mid and senior levels, there are simply not enough people. In this industry which is young, attracting people with the right talent is difficult," says Karnik.
Another issue which discussed was the prospect of blacklisting serial job-hoppers.
While corporate india believes public blacklisting by making names accessible to other companies could be fraught with legal and ethical implications, recruiters believe there is another side to the coin.
Blacklisting people for job hopping - is it a solution at all......How can one even think like that...
Instead of that why doesnt India Inc try to make their jobs, work environment attractive enough. Why dont they work on creating a wealth sharing organization than trying to squeeze resources to meet extreme profitability targets.
India Inc to weed out job hoppers
India Inc to weed out job hoppers
The person who thought of blacklisting should be "let go". With such "brilliant" people at their helm coming out with such "innovative" ideas, I'm sure Indian companies will do better in the future.:rolleyes:
-
obiwankanobi
- Posts: 111
- Joined: Wed Jan 31, 2007 6:38 pm
India Inc to weed out job hoppers
Its a good idea. Instead of thinking it is discriminative, think of it as a step to appreciate people who stay.
In Indian environment people hop jobs for the slightest reason. Many in the industry feel that hopping is an easy and sure shot way to get more money. Why stick it out when you can get a 30% raise just by changing your job. In the long run they are harming themselves, but who is going to tell them that ? Why would they listen ?
Product companies need their employees to stay with them longer, but product companies are few and don't have an impact on people's thinking like INFY, wipro, tcs have.
This is a problem for the industry not because it want people to stick with it but because the people don't understand the implications.
OB1
In Indian environment people hop jobs for the slightest reason. Many in the industry feel that hopping is an easy and sure shot way to get more money. Why stick it out when you can get a 30% raise just by changing your job. In the long run they are harming themselves, but who is going to tell them that ? Why would they listen ?
Product companies need their employees to stay with them longer, but product companies are few and don't have an impact on people's thinking like INFY, wipro, tcs have.
This is a problem for the industry not because it want people to stick with it but because the people don't understand the implications.
OB1
India Inc to weed out job hoppers
I dont think people move just for the hike....yes it is an important reason.....but most times that happens due to disparity in payments among existing people...
Indian companies do not have an objective assessment of individual performance and contribution....instead mostly it is perception based - how your manager feels about you...
Most Indian IT cos have double standards in most employee related areas --- e.g. they are now throwing people out for fake CVs but I know most encourage their employees to present fake CVs /experiences to win customers / projects....
I think this is an absurd idea to blacklist people just for job hopping and will only lead to malpractices / corruption and kill creativity among people.
Indian companies do not have an objective assessment of individual performance and contribution....instead mostly it is perception based - how your manager feels about you...
Most Indian IT cos have double standards in most employee related areas --- e.g. they are now throwing people out for fake CVs but I know most encourage their employees to present fake CVs /experiences to win customers / projects....
I think this is an absurd idea to blacklist people just for job hopping and will only lead to malpractices / corruption and kill creativity among people.
India Inc to weed out job hoppers
Well...too much for employment at will...
If the hiring companies chose not to hire someone who has changed 4 jobs in one year, it is certainly up to that company. Nothing wrong about it!
Companies colluding to black list people who change job is a ridiculous idea. Either government or these companies have no business in what the individuals want to do.
No amount of artificial control can replace the market forces. Let is get used to it.
If the hiring companies chose not to hire someone who has changed 4 jobs in one year, it is certainly up to that company. Nothing wrong about it!
Companies colluding to black list people who change job is a ridiculous idea. Either government or these companies have no business in what the individuals want to do.
No amount of artificial control can replace the market forces. Let is get used to it.
India Inc to weed out job hoppers
All said it just tells that employee attrition is a serious issue......but it is ridiculous that people at high level come up with such inept ideas......
Talent acquisition and retention is increasingly becoming one of the most critical challenges for organisations as the demand-supply gap keeps increasing. The recent NASSCOM-Hewitt total reward study supports this view.
India is forecast to become the world's fastest growing economy between 2006 and 2020. The war for getting good talent is equally difficult as retaining them over the long term.
Companies regarded as "employers of choice" believe that people are central to their organisational success. They develop HR strategies that are clearly aligned to their organisation's business goals. Typically, such organisations have also succeeded in pioneering innovative concepts in employee rewards.
.
.
Of late the new phenomenon of employee attrition in certain industries, particularly the IT and ITeS sectors has been threatening the operational stability of companies, pushing up compensation costs as employers have been forced to compete to attract employees with the requisite skills-sets and equally to retain them.
Besides cost, attrition negatively impacts quality and increases risk of security breaches. It also limits development of middle management capabilities in the industry, and impacts the development of knowledge management within companies.
Moreover, frequent job changes also deny employees the opportunity to acquire progressively enhanced job responsibilities and company-wide experience at different levels. This is particularly true in the BPO industry where people of often leave to join at the same level at higher salaries.
However, there are limits to the amount companies can keep increasing their manpower costs, given the need to compete and maintain their bottom lines. HR policies and procedures must adapt to the changing environment.
Sustainability of high compensation package
Talent acquisition and retention is increasingly becoming one of the most critical challenges for organisations as the demand-supply gap keeps increasing. The recent NASSCOM-Hewitt total reward study supports this view.
India is forecast to become the world's fastest growing economy between 2006 and 2020. The war for getting good talent is equally difficult as retaining them over the long term.
Companies regarded as "employers of choice" believe that people are central to their organisational success. They develop HR strategies that are clearly aligned to their organisation's business goals. Typically, such organisations have also succeeded in pioneering innovative concepts in employee rewards.
.
.
Of late the new phenomenon of employee attrition in certain industries, particularly the IT and ITeS sectors has been threatening the operational stability of companies, pushing up compensation costs as employers have been forced to compete to attract employees with the requisite skills-sets and equally to retain them.
Besides cost, attrition negatively impacts quality and increases risk of security breaches. It also limits development of middle management capabilities in the industry, and impacts the development of knowledge management within companies.
Moreover, frequent job changes also deny employees the opportunity to acquire progressively enhanced job responsibilities and company-wide experience at different levels. This is particularly true in the BPO industry where people of often leave to join at the same level at higher salaries.
However, there are limits to the amount companies can keep increasing their manpower costs, given the need to compete and maintain their bottom lines. HR policies and procedures must adapt to the changing environment.
Sustainability of high compensation package
-
desihometown
- Posts: 314
- Joined: Sat Feb 10, 2007 4:38 am
India Inc to weed out job hoppers
Its a "problem" for the company. Its not a "problem" for the individual.
Its always about "control" isnt it ? This is the exact outcome of a free market. Everyone is free to do what they want. Please dont lecture on ethics and crap like that. An employee can shift anytime he wants and for whatever reason he wants. Money, doesnt like the poeple, doesnt like the work, doesnt like the environment, whatever man.
If u believe in free market theory, overtime, the market will balance itself out. What is this crap about "blacklisting" people ? Once the economy becomes mature, people wont move 'coz there wont be wild swings in salaries between one company and the other and when the economic incentive is more balanced (say 6-8% difference versus 30-40%), and the growth prospects are better in the current company, people wont move.
"blacklist". "control". This is just bull man. All ideas of an old quasi-socialistic mindset.
Its always about "control" isnt it ? This is the exact outcome of a free market. Everyone is free to do what they want. Please dont lecture on ethics and crap like that. An employee can shift anytime he wants and for whatever reason he wants. Money, doesnt like the poeple, doesnt like the work, doesnt like the environment, whatever man.
If u believe in free market theory, overtime, the market will balance itself out. What is this crap about "blacklisting" people ? Once the economy becomes mature, people wont move 'coz there wont be wild swings in salaries between one company and the other and when the economic incentive is more balanced (say 6-8% difference versus 30-40%), and the growth prospects are better in the current company, people wont move.
"blacklist". "control". This is just bull man. All ideas of an old quasi-socialistic mindset.
India Inc to weed out job hoppers
desihometown;13527
"blacklist". "control". This is just bull man. All ideas of an old quasi-socialistic mindset.[/quote]
Blacklisting by a government agency is a bad idea. But if the industry unions/associations blacklist or even discourage job hoppers (who change more than 3 jobs in a 5 year period) it would be a good thing.
I have seen cases where people jump ships in India after just 1.5 years citing 'long' stay already with one company. With such retention rates, India's IT companies will have very hard time for the next 5 years.
Supply of quality mid level (3-8 years) experience staff in India is very limited. It's time the industry groups against such people who spoil everyone's chances.
-
desihometown
- Posts: 314
- Joined: Sat Feb 10, 2007 4:38 am
India Inc to weed out job hoppers
A free market economy will NEVER work if you put any kind of controls on personal freedom.
Here is the thing. If u blacklist him and he does not want to be there, he/she will not be as productive as he could be in a place he likes (both work-wise/monetary whatever).
No amount of control will work. What is the point of having a guy around if he does not want to be there. U think he will be happy, when he knows he has the potential to get 30% more somewhere else.
U cannot have good managers by blacklisting. U have to be the BEST to retain the BEST. I mean, if he/she wants to leave, why cant the existing company
match the increase, if they really want him ? If u think he will keep playing these games, you have to go along with it as long as the market is ready to do so. It never always be an employees market. It will be an employees market as long as the economy/industry is growing. Once it matures (just as in the US), people will automatically not move, 'coz its a mature market and the market does not allow for wild swings in salary/economic incentives. Or what if its a slow/lagging economy, where jobs are scarce ?
At that point, will you put controls on the employer ? Will you blacklist an "employer" for hiring a better guy than you ? or for paying more for a more productive employee ? Even if you blacklist an employer, does he care ?
Its impossible to add controls in a free market economy. It will NEVER work.
If u care to read up a bit of Milton Friedman, you'll see why it wont work
Now, if India wants to go back to a failed socialistic policy, then of course, you can blacklist, white-list, whatever man.
Here is the thing. If u blacklist him and he does not want to be there, he/she will not be as productive as he could be in a place he likes (both work-wise/monetary whatever).
No amount of control will work. What is the point of having a guy around if he does not want to be there. U think he will be happy, when he knows he has the potential to get 30% more somewhere else.
U cannot have good managers by blacklisting. U have to be the BEST to retain the BEST. I mean, if he/she wants to leave, why cant the existing company
match the increase, if they really want him ? If u think he will keep playing these games, you have to go along with it as long as the market is ready to do so. It never always be an employees market. It will be an employees market as long as the economy/industry is growing. Once it matures (just as in the US), people will automatically not move, 'coz its a mature market and the market does not allow for wild swings in salary/economic incentives. Or what if its a slow/lagging economy, where jobs are scarce ?
At that point, will you put controls on the employer ? Will you blacklist an "employer" for hiring a better guy than you ? or for paying more for a more productive employee ? Even if you blacklist an employer, does he care ?
Its impossible to add controls in a free market economy. It will NEVER work.
If u care to read up a bit of Milton Friedman, you'll see why it wont work
Now, if India wants to go back to a failed socialistic policy, then of course, you can blacklist, white-list, whatever man.
India Inc to weed out job hoppers
And again if the industry ...the so called industry decides it...there are other ways to deal with this.....the companies can shortlist candidates who are not hoppers...
the real issue these are the same companies that entice people leaving their current jobs by dangling carrot of better pay / position / role / opportunities and so on.....the head hunters chase the targets at the behest of these companies.....
It just shows desperation and tendency to think they are in power and can do anything....
the real issue these are the same companies that entice people leaving their current jobs by dangling carrot of better pay / position / role / opportunities and so on.....the head hunters chase the targets at the behest of these companies.....
It just shows desperation and tendency to think they are in power and can do anything....