One of the concerns, most of the small, emerging organization CEO or business head is " high level of attritions."
When we go in-depth of an attrition analysis, we may realize that people are leaving the organization in a short period of joining, say within a year.
There could be many reasons for high attrition rate like compensation not matching with individual's expectation /potential, growth opportunities in the external world; people are not liking the work culture, safety, lack of learning opportunity. Those are the reasons for the employee or from an individual/employee point of view.
From the management point of view, I can attribute the reason for high attrition is the top leadership's mindset towards PEOPLE.
As a business head or leadership team, how do you look at your people?
Are you looking at them as a commodity or an asset?
That perspective makes much difference in the way you conduct your business and treat the people.
If you look at the People as a commodity:
The point is "High-level attrition within short duration" is fundamentally the outcome of how people are treated or respected inside the organization for their uniqueness, effort, learning, risk-taking. If many individuals feel there is a scarcity of respect and the internal environment is conducive for basic survival and growth, then they find an alternative.
Business head or leadership responsibility is to ensure the conducive environment, and the intention of creating a climate comes from the belief and how you look at the people.
Hence, change your perspective on how you are looking at people, either a commodity or an asset!
When we go in-depth of an attrition analysis, we may realize that people are leaving the organization in a short period of joining, say within a year.
There could be many reasons for high attrition rate like compensation not matching with individual's expectation /potential, growth opportunities in the external world; people are not liking the work culture, safety, lack of learning opportunity. Those are the reasons for the employee or from an individual/employee point of view.
From the management point of view, I can attribute the reason for high attrition is the top leadership's mindset towards PEOPLE.
As a business head or leadership team, how do you look at your people?
Are you looking at them as a commodity or an asset?
That perspective makes much difference in the way you conduct your business and treat the people.
If you look at the People as a commodity:
- Your belief will be "there are many more talents in the market."
- If " x " is not there, I will take " Y."
- You treat people cost as expenses and You do not show interest in developing
- You are reluctant to create a learning environment for people as you think as expenses
- Your belief will be whoever is working for you is an asset to the organization
- You will look at each one's strength and look for leveraging and start developing further.
- People get respect for their uniqueness.
- You will build the organizational environment for learning where people will get recognized for taking the risk and delivering results.
The point is "High-level attrition within short duration" is fundamentally the outcome of how people are treated or respected inside the organization for their uniqueness, effort, learning, risk-taking. If many individuals feel there is a scarcity of respect and the internal environment is conducive for basic survival and growth, then they find an alternative.
Business head or leadership responsibility is to ensure the conducive environment, and the intention of creating a climate comes from the belief and how you look at the people.
Hence, change your perspective on how you are looking at people, either a commodity or an asset!
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