Abstract: The purpose of this research paper is to identify the loopholes and low rate of potential employee retainment, along with examining the reasons and solutions to be provided to the industry for the benefit of employees and the Industry both. The Study was being made to understand, how to identify the high potential employees, traits of these employees, growth path and opportunities that they can survive on and most importantly how to retain these gems in any organization despite of, whether they are from Retail, Banking, Manufacturing, FMCG, IT etc. The study was done based on the literature, the facts and figures linked with retention of potential employees along with employees’ motivation and industry effectiveness. The study of this topic addresses three major issues: First and foremost, how to retain the valuable and potential employees in the organization, the second, how to convert High Performing employees into High Potential Employee (HIPOs) or vice versa and third, how to make employees fall in love with the organization. The study aimed at multiple factors: the major reasons of resigning by any potential employees (HIPOs) depends 80% on the behavior of immediate boss, different attractive opportunities provided by competitors as well as enhancing the role of super boss or top management in sustaining the potential employee in the work system to decrease the attrition rate. The retention of an efficient employee sometimes also depends on other aspects. For example- Workplace environment, Work life balance, People in the team, Promotion opportunities, Increment system etc. The study recommends that by retaining a Positive and Healthy Boss, will always be a wise step to retain any potential employee in the organization.
Keywords: HIPOs, Retaining, Attrition, Employee Satisfaction, Potential Employees.
Title: Retaining High potential employee (HIPOs) in the organization: A Why & How?
Author: Dr. Sonal Jauhari, Dr. Snigdharani Mishra
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
