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Our Bureau

Bangalore, March 2

Attrition is a reality and HR now has to shift focus from battling attrition to retention of key talent. With a shortfall of 15-20 per cent expected in mid-level managers, HR should seriously consider effective retention methods and let go of the bottom 5-10 per cent that are leaving the company, said Mr Ahmed Ali, Managing Director, Cornucopia, a Bangalore-based HR consultancy firm. He was speaking at a seminar on `Retention — Biggest Business Challenge', organised by the Bangalore Chamber of Industry and Commerce, Bangalore. Mr Rajeeva Kumar, Director, Omam Consultants, who presented survey data on a compensation study, said that variable pay is increasingly becoming a bigger component of the salary of Indian executives. "Senior and top management receive the highest percentage of variable pay (17-30 per cent). Variable pay has increased across sectors this year: in banking from 13 to 24 per cent, in IT from 13 to 18 per cent, manufacturing from 10 to 16 per cent, FMCG from 14 to 18 per cent."

More Stories on : Human Resources | Events | Karnataka

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