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- MemberFebruary 13, 2022 at 8:53 pm
One of our company’s strategy is to inspire and take care of our colleague. I find this strategy is a little inconsistent with the HRM practice in our company. While the strategy is to put people first, and to retain talents, there is not much being done to retain the talents in the company, at least from the point of view of a normal employee. Rewards and incentives are just not interesting enough, and some years there are no salary adjustments and bonuses even if we performed well and scored a good rating for the year. Although it is understood that this all depending on costs, it made the people felt unappreciated and demotivated, and in the end, resulted in high turnover & lose of talents.
But, there are also some good practices in our company that is aligned to the company strategy. Cost optimization.
The company has gone through demergers and mergers as part of its strategy to save cost. And with so many structural and organization changes, there are some teams combined to be one bigger group with all the members sharing workload. This can reduce redundancy and optimize the cost.