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Omam
Consultants in the News |
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Industry & Economy - Human Resources
States - Karnataka
'HR must shift focus'
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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