There is no guarantee that employee will stick around for one year.
But the company can provide good working conditions,growth avenues/prospects and do things in manner that employees would not like to quit.
India is not like North Korea where slave labour is the norm as I keep reading.
Hi,
You can use below facility to an employee for long term association.
* Offer him / her a package which includes Fix incentive after One year.
* Offer Superannuation and mention the term that If anyone leave before One year will not get the amount.
* Prepare a Bond and mention the condition that if you break the bond than will loose Service letter.
* Offer Quaterly incentive scheme, after every quater increment policy.
Regards,
Ashish
Process to retain people should start from recruitment stage. candidate should be tested not only for the technical skills but it should also be checked whether candidate gels with company culture or not.In your case you should also understand family responsibility and background of candidate since it is overseas posting .
Once the employee is in organization regular meeting with HR should take place to know his/her pulse. Incentive scheme should be devised which are paid after completion of one year.
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