Global tech and internet giants - Amazon, Meta, Google , Microsoft have retrenched thousands of employees adding to the recessionary waves not just in the West but even at home. India Inc is also struggling to balance involuntary and voluntary attrition in order to achieve the exact workforce strength. In today's episode of the Working Life Roopank Chaudhary, Partner and Chief Commercial Officer Human Capital Solutions for consulting firm Aon explains the domino effect of these global layoffs. He chalks out how certain sectors have no option but to let go of employees in order to maintain healthy balance sheets and despite all efforts, voluntary attrition continues to remain a worrying trend.

S3E6 | India Inc's hunt for the right attrition

In the last three years, the relationship between an employer and an employee can at best be described as - mercurial. In the first two years of the pandemic, we tip-toed into each other’s private spaces and soon the office and the home shared the same room. Healthcare benefits, leave and employee engagement policies were overhauled as Covid raged. But once markets opened up, the equations became testy. Employees swiftly changed their loyalties and companies outmanoeuvred one another to retain talent. Then again, the tide turned as global markets and war put brakes on all future plans. Now, the employer had the upper hand and what followed was a series of layoffs, freezing of perks and hushed anxiety enveloping the office corridors. Over the next few episodes of The Working Life, We will talk to HR heads, compensation specialists, diversity experts and employees about how the relationship with our workplaces has changed. And will try to find out how companies are redrawing every strategy to retain their best talent and attract the new crop of young workforce who have a whole different expectation from their jobs. 

Tune in with Devina Sengupta to The Working Life to know more.

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In the last three years, the relationship between an employer and an employee can at best be described as - mercurial. In the first two years of the pandemic, we tip-toed into each other’s private spaces and soon the office and the home shared the same room. Healthcare benefits, leave and employee engagement policies were overhauled as Covid raged. But once markets opened up, the equations became testy. Employees swiftly changed their loyalties and companies outmanoeuvred one another to retain talent. Then again, the tide turned as global markets and war put brakes on all future plans. Now, the employer had the upper hand and what followed was a series of layoffs, freezing of perks and hushed anxiety enveloping the office corridors. Over the next few episodes of The Working Life, We will talk to HR heads, compensation specialists, diversity experts and employees about how the relationship with our workplaces has changed. And will try to find out how companies are redrawing every strategy to retain their best talent and attract the new crop of young workforce who have a whole different expectation from their jobs. Tune in with Devina Sengupta to The Working Life to know more.

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S3E6 | India Inc's hunt for the right attrition

S3E6 | India Inc's hunt for the right attrition

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