In today’s life, Human is the only asset that creates billions in revenues for an organization. Organizations are becoming more dynamic in this fast-changing world. Every human has some talent, more or less, but he/she has to pull out work in a better way. There are issues arising, i.e., employee retention in an organization. Every organization follows some procedures on which a candidate is selected.
Basics: Recruitment Vs. Selection
Recruitment is a process of creating a pool of prospective candidates and stimulating them to apply for the job in an organization. Recruitment is a positive process because it’s a process of bringing fresh talent.
On the other hand, Selection is selecting the best candidate out of the pool of prospective candidates. Selection is a negative process because it’s a process of choosing the best candidate. After Selecting the candidate, training, and development program are given to enhance their skill and knowledge.
In this whole procedure, the organization must incur a lot of cost time. People leave their organization for higher pay packages offered by another company. They don’t think the association with an organization is more important than money. Yet money is an important aspect but social attachment to a brand or a company is crucial for a human. So people need to understand that they are contributors to their organizational productivity.
Earlier organizations were giving more importance to the candidates who scored 80-90 marks in their academics. The trend has been changing; organizations are also looking for candidates who score 60-70 marks. It is only a matter of talent that a human possesses. As we see in Delhi University Colleges, Companies are more focused on hiring average students because it is easier to retain and get work done through these average students than the topper.
Today technology plays a vital role in Human Resource Development (HRD). Through the help of the internet, both: job openers and job seekers can access it easily. Now organizations are looking for candidates with KSA attributes – Knowledge, Skills, and Aptitude. They also want candidates to be more dynamic in the Business Environment.
Another aspect is the qualities of employees. Employee Retention is very important because it costs 5-10 times more to recruit a new employee than to retain a current employee. The employee and the organization must understand that they are equally important to each other. The work environment may be important in retaining an employee in the organization. If the work environment is healthier, it encourages employees to work even in average packages.
Human Resources is considered to be the backbone of any organization. When the Tata Nano plant was set up in Gujarat, it also created employment opportunities for many people. In this way, Balanced Regional Development and effective utilization of Human resources occur.
In my opinion employees need to understand their strengths which helps them in shaping their future. And in the organizations, some Employees Engagement Programme are conducted on a specific day like – fun loving games which gives happiness and joy to the employees because in busy schedule, employees need a slight change. This will help an employee to sustain in an organization and will contribute in an effective and efficient way.