In any growing business priority is given to generate more and more sales revenue. The support functions like HR, Finance etc. play a secondary role .
In the Initial stages of every business cost being the major constraint not enough attention is given on the right fit while hiring of the candidates for some of the positions except for the positions which are critical and can directly impact the business.
Some of the major factors which impact the organizations in attracting the talent can be the brand image, quality of product & services, compensation & benefits, working culture & conditions of service etc.
Retaining Talent in the Organization in the competitive market is another mammoth challenge. The competitors are always looking for Experienced and talented candidates from the competition
Trained and talented employees are assets for any organization. However due to constraints of time and cost not enough focus is given on developing the talent.
Multiple labour laws become applicable to every Organization however not enough importance is given on the required compliances. Compliances are done only which are mandatory and closely monitored by regulatory authorities.
Attrition is one of the major challenge for any organization. High attrition has direct impact on the productivity of the organization.