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Sunday, 18 December 2011

China witnessing slump in employee loyalty

Employee loyalityNew Delhi: An increasing number of employees are quitting their jobs in China, towards the year-end, due to dearth of promotion opportunities or unfavorable working environment. Many organisations across the country are finding it increasingly hard to recruit and retain talent. The latest Mercer What’s Working survey of nearly 30,000 employees,  including  2,000 in  mainland  China,  indicated  that  there  has 
Employee loyality
A lack of loyalty, interpersonal indifference and inter-level conflict have all become universal problems that mainland managers and human resource departments have to address. (Reuters)
been a slump in employee loyalty compared to five years ago. A lack of loyalty, interpersonal indifference and inter-level conflict have all become universal problems that mainland managers and human resource departments have to address, China Daily reported. Mercer’s survey, conducted in 17 geographic markets between the fourth quarter of 2010 and the second quarter of 2011, also showed that an increase in pride at the workplace does not convert into increased commitment towards business.Promotion opportunities and compensation hold substantial weightage in retaining employees, which are considered unfair in most enterprises leading to a fall in loyalty.Read Full: China witnessing slump in employee loyalty - Indian Express