Dispatches

Human resources and recruitment specialists on Thursday said Philippine companies should adopt a “non-traditional” approach to keeping skilled and talented employees to minimize the high turnovers that have been experienced lately in at least seven industries.

In a forum on talent acquisition and development organized by JobsDB.com in Makati City, the speakers acknowledged that more and more companies are losing their workers due to more financially-rewarding opportunities in rival companies, in other industries, or abroad. It’s possible, they said, to convince workers to stay without always offering a heftier pay.

Cesar Baltazar, president of career training and consulting company iCareer Academy, said that most companies here still use the traditional approach in talent retention, where the emphasis is on preventing workers from leaving. Most of the time, this involves only offers of higher pay.

Companies, he said, should try another approach–giving workers reasons to stay with the company. These may include providing them incentives, professional development opportunities, and good working environment.

Baltazar said that while migration has brought “glowing opportunities” to Filipinos and has kept the Philippine economy afloat through remittances, it has left local companies scrambling for top talents in order to stay productive and competitive. (Newsbreak/abs-cbnnews.com)

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