India Inc. is seeing a growing trend of employees leaving start-ups and returning — or 'boomeranging', in HR-speak — to their erstwhile employers. It is a win-win for all parties.
Lenovo India’s attrition rate has been ‘much lower’ than what the industry has faced, according to Bhavya Misra, HR head of Lenovo India.
These software developers were driven by two motivating factors to switch jobs -- better compensation and fully remote or flexible work environments.
The findings suggest that 61 per cent of employees in India are willing to accept a lower salary or forgo a pay rise and/or a promotion for better work-life balance, overall well-being and happiness.
Two US-based companies have found unique ways to empower their employees.
Pati says the employee-employer relationship is changing and employees are seeking to become partners in business. Talent managers will have a bigger role here―to understand what employees are looking for, what is changing, their expectations, and how HR is able to address it
This is going to be a year in which HR managers will be expected to push the boundaries to attract and retain talent, and, increasingly, add value to business growth
The COVID-19 pandemic has brought with it a wave of resignations. Dubbed "The Great Resignation", it has given rise to social media trends like “QuitTok”, which involves people uploading videos documenting their resignations.
The term ‘great resignation’ was coined by US academic Anthony Klotz for the wave of pandemic resignations.