Simple Ways to Avoid Brain Drain
Brain drain or key people leaving after a change or acquisition is a major problem for organisations, whether they care to admit it or not. Whilst this research study focuses on what goes wrong when companies acquire start-ups, the lessons have much broader implications for managing staff in most organisations and how to prevent brain drain, courtesy of the experts from casinos online.
When start-ups are acquired by larger organisations, it is often the case that the key staff leave after a short while, denuding the acquirer of the very thinking, skills and knowledge they often think they are acquiring. Not only that but the study discovered that the ‘key staff’ are more than the obvious main people. Start-ups are actually held together by what are known as ‘link people’.
In order to solve the issue of brain drain, various steps have to be taken by all forms of organizations- governmental, non-governmental, profit-based, public-private partnerships, etc. There are some basic initiatives that can tackle brain-drain which are:
Rural Development − Villages form the soul of proper and effective development in India. The ‘Young India’ actually wants to contribute to the progress of the nation but the issues crop up when there is a dearth of opportunities. There can be various employment opportunities developed in the sectors of education, women empowerment, agriculture, handicrafts, etc where highly skilled youth can contribute to the development and also earn a decent income through their contribution.
Tackling under-employment − The companies recruiting employees should take utmost care to resolve any form of underemployment in their organization. A person should be given job based on his interest, caliber and academic merit. The designation and post assigned to a person plays a very important role in the performance and efficiency of work.
Proper payment policy − The salary paid to an employee is one of the determining factors for the job satisfaction. The payment needs to be structured and proper monetary incentives should be paid whenever necessary. The salaries are one of the most important economic factors that lead to brain-drain as the employee finds the payment attractive in the other countries as well as the payment policy at https://www.francaisonlinecasinos.net/jeux-de-casino/.
Taxation − There are a lot of reviews by economists who strongly believe that the taxation policy in India leaves much lesser scope for savings. Also, the allied issues remain in the dissatisfaction of taxes not being utilized to solve various issues in the country. Taxes thus hamper the mindset of a person in two ways by pinching their pockets and with issues like corruption, red tapism, etc.