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Either you're outsourcing to India, your company is considering expanding there, or maybe you just fear a bustling India-based company as a new competitor. One way or the other, India is on the minds of companies worldwide these days. But new research from Right Management and faculty at the Villanova School of Business reveals that employee turnover levels as high as 100 percent in some industries is the largest workforce challenge hindering performance for organizations operating in India. Based on feedback from 4,800 employees, a major cause for such extreme turnover is that managers lack the fundamental skills necessary to effectively lead and engage their teams. Here are some of the survey's other major findings:
• Employee Retention In India Is More Influenced by a Direct Manager's Skills than concern for compensation, notes Michael Haid, senior vice president and global leader for the Attract & Assess Center of Excellence for Right Management. "Most employees are seeking opportunities for growth, progress, and pride in their work, and many employers have yet to understand the triggers from managers that help provide these."
• Employee Retention In India Is More Influenced by a Direct Manager's Skills than concern for compensation, notes Michael Haid, senior vice president and global leader for the Attract & Assess Center of Excellence for Right Management. "Most employees are seeking opportunities for growth, progress, and pride in their work, and many employers have yet to understand the triggers from managers that help provide these."
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