A lot that is said in this article is HR crap. Key variable which this article does not cover is the market conditions for hiring. Now the job market is booming and people can afford to switch jobs easily. That is why you see a lot of talent management initiatives in companies, of course keeping HR managered fired up. I don't think most companies are inherently employee friendly as the article suggests. I would love to see why people quit when market is not booming. Attrition itself is a non issue in a falling market. One thing is sure the job sites that you are mentioning in this article will be the first ones to go out of business if there is no attrition.
RE:Market economy
by GN on Jan 13, 2008 04:53 PM Permalink
market conditions: with lot of new projects, there are lot of job opportunities. Even many good companies finding difficult to find suitable staff, labours to fill the requirement. But the companies are really losing in terms of quality of the employee.
for example. let us consider a constuction companies materials dept. staff. ( either a purchase officer / store keeper ) Many have certificates of BE and above that. But i had seen many of such employees, who dont have the required material knowledge. The company loses lot of money by employing such people, only based on the certificates, but not on the experience and knowledge.
