Controlling Attrition With Training And Retraining By Uday Salunkhe

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Controlling Attrition With Training And
Retraining By Uday Salunkhe
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Prof. Dr. Uday Salunkhe, group director,
Welingkar Institute of Management Development and
Research, justifies Training and Retraining as
the perfect tool to tackle attrition
http//www.udaysalunkhe.com
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Corporates are thinking about retaining over
firing because of the huge shortage of trained
manpower across industries. There are confronting
complex issues today with ill-defined problems
and unclear solutions. It is evident that people
produce and innovate better in collaborative
networks and not individually.
http//www.udaysalunkhewelingkar.com
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The rate of attrition of skilled employees from
IT, ITES, Banking, Finance, Insurance sectors is
very high with Automobile, FMCGs and health
sectors catching up. Global outsourcing and FDIs
have changed the scenario. Attrition is a big
challenge for Indian Corporates that are finding
their skilled employees leaving because of
lucrative options. A large number of young,
relatively less experienced people tend to quit
their jobs impulsively not only because they want
to earn more, but also because of serious
disagreements with the seniors and disconnect
with the peers.
http//www.udaysalunkhe.net
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Visionary Corporates understand the need to
protect and develop the companys human resource
even in the times of crisis, so in good times the
company is better prepared to face the challenges
with the right people in place. They also realize
that it is better to invest in employee training
to keep them busy and add to their knowledge and
skills, making them aware of changing situations,
increasing levels of loyalty as well as
confidence and performance. Training and
Retraining is an investment that gives best
returns. It is time and cost effective, retains
the companys competitive edge, and boosts
employee morale and growth.
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A multi-skilled employee can be an effective and
productive contributor to the work output of
several traditional training disciplines.
Multi-skilling improves productivity while
reducing labor costs and turnover. Corporates
even rehire people who are returning from school
or from other industry with improved knowledge
and skill sets.
http//www.udaysalunkhewelingkar.net
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DR. UDAY SALUNKHE DOMAIN
http//www.udaysalunkhe.com
http//www.udaysalunkhe.net
http//www.udaysalunkhe.in
http//www.udaysalunkhe.co.in
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DR. UDAY SALUNKHE WELINGKAR DOMAIN
http//www.udaysalunkhewelingkar.com
http//www.udaysalunkhewelingkar.net
http//www.udaysalunkhewelingkar.in
http//www.udaysalunkhewelingkar.co.in
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