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Our Bureau
Bangalore, March 2
Attrition is a reality
and HR now has to shift focus from battling attrition to retention
of key talent. With a shortfall of 15-20 per cent expected in
mid-level managers, HR should seriously consider effective retention
methods and let go of the bottom 5-10 per cent that are leaving the
company, said Mr Ahmed Ali, Managing Director, Cornucopia, a
Bangalore-based HR consultancy firm. He was speaking at a seminar on
`Retention — Biggest Business Challenge', organised by the Bangalore
Chamber of Industry and Commerce, Bangalore. Mr Rajeeva Kumar, Director,
Omam Consultants, who presented survey data on a
compensation study, said that variable pay is increasingly becoming
a bigger component of the salary of Indian executives. "Senior and
top management receive the highest percentage of variable pay (17-30
per cent). Variable pay has increased across sectors this year: in
banking from 13 to 24 per cent, in IT from 13 to 18 per cent,
manufacturing from 10 to 16 per cent, FMCG from 14 to 18 per
cent."
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