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- MemberOctober 30, 2021 at 10:16 am
This company Z went through a merged and demerged process. The HR practices seem very consistent even though there were changes at the management level.
During the demerge, the group shrink and have to be a stand-alone organization, the strategy is to retain skilled workers to avoid any major business interruption. The first thing that HR put in place was to retain all employees at their current role and position, including their benefits.
Examples that the company applies some human resource practices such as:
Retain talent. Despite the separation from the headquarters group, the company continues to offer the same benefits to all employees. From the employee’s point of view, there were no changes in their role, salary, and benefits. With the same package to be received, the employees were most likely to continue their services.
Creating programs to improve work health environment. Considering health is the most important in work-life balance, the company has set-up Gym at the office. Employees are free to enter.
Developing talent and training for upskills. The company provides employees with training for upskilling.
Even though the HR practice is to retain the talent in alignment with the company’s strategy to retain the skilled workers, but it seems inconsistent with the high turnover. High turnover shows that employees have job dissatisfaction. In that case, the concept of retaining talent seems off.