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International Journ International ISSN No: 2456 - 64 @ IJTSRD | Available Online @ www.i Employee Comb Ah 1 Re St. Josep ABSTRACT One of the growing problems faced by when employees leave the company du retirement, downsizing it leads loss .This leads to incredible knowledge an walking out the door. It is importan knowledge from escaping when an em the company. Companies are usin engagements in order preserve know important to have engaged employe satisfied with their work, willing responsibility and looks forward to association with the company. There ways in which intangible assets knowledge) can be measured. Organisa understand that loosing employees could opportunities sometimes they aren’t e how much of a problem it is and what c have in the future The objective of thi shed light on employee engagement a important, as well as use it as a to corporate brain drain .Findings sho corporate brain drain has an adverse talent pool and measures should be earliest. This study tries to see the impac engagement on trying to reduce attrition an antidote for corporate brain drain. KEY WORDS: Employee engagemen corporate brain drain 1. INTRODUCTION Brain drain is taking place at a very developing countries; People get disen low rewards available for their qual experience, which compels them to mig of greener pastures. nal of Trend in Scientific Research and De l Open Access Journal | www.ijtsrd.com 470 | Volume - 3 | Issue – 1 | Nov – Dec ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 20 Engagement as an Antidote to bat Corporate Brain Drain hana Ruth Pinto 1 , Sarah John 2 esearch Scholar, 2 Assistant Professor ph's College, Bengaluru, Karnataka, India companies is, ue to turnover, of knowledge and experience nt to prevent mployee leaves ng employee wledge. It is yees who are g to accept a long term are not many s (employee ations need to d mean missed even aware of crisis they will is article is to and why it is ool to prevent ow that this effect on the taken at the ct of employee n and serve as nt, knowledge, y fast rate in nchanted with lifications and grate in search It’s usually the brightest emp something better and take up the land of the known to the involves immigration of trai human labour away from a most, in the quest for fin advancement. When a company loses an e knowledge that employee car walks out the door. Informatio some extent can be easi information in the minds of th recovered. Employee engagement, the or engage, retain, and optimi employees hinges on how wel employees' time is used, and support that is shown to management would motivate e organization. One could argue that the emp go would possess much gre poached employee under th mentoring. Companies nee importance of using employee facets of the organisation Employees need be engaged attachment towards the job th collect their insights and o valuable in order to increase t at the workplace. When an e they will feel safe and will wo and are more likely to stay put evelopment (IJTSRD) m 2018 018 Page: 860 o ployees who search for the risk of moving from e unknown. Brain Drain ined and highly skilled place that needs it the nancial gain or career employee they lose the rries with him when he on stored in computers to ly retrieved, but the he employees cannot be rganization’s capacity to ize the value of its ll jobs are designed, how d the commitment and o employees by the employees to stay in the ployee that has been let eater potential than the he right leadership and ed to understand the e engagement across all from top to bottom. d and given a sense of hey do.it is necessary to opinions which will be the level of engagement employee feels satisfied ork to their full potential t.

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One of the growing problems faced by companies is, when employees leave the company due to turnover, retirement, downsizing it leads loss of knowledge .This leads to incredible knowledge and experience walking out the door. It is important to prevent knowledge from escaping when an employee leaves the company. Companies are using employee engagements in order preserve knowledge. It is important to have engaged employees who are satisfied with their work, willing to accept responsibility and looks forward to a long term association with the company. There are not many ways in which intangible assets employee knowledge can be measured. Organisations need to understand that loosing employees could mean missed opportunities sometimes they arent even aware of how much of a problem it is and what crisis they will have in the future The objective of this article is to shed light on employee engagement and why it is important, as well as use it as a tool to prevent corporate brain drain .Findings show that this corporate brain drain has an adverse effect on the talent pool and measures should be taken at the earliest. This study tries to see the impact of employee engagement on trying to reduce attrition and serve as an antidote for corporate brain drain. Ahana Ruth Pinto | Sarah John "Employee Engagement as an Antidote to Combat Corporate Brain Drain" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-1 , December 2018, URL: https://www.ijtsrd.com/papers/ijtsrd19092.pdf Paper URL: http://www.ijtsrd.com/management/hrm-and-retail-business/19092/employee-engagement-as-an-antidote-to-combat-corporate-brain-drain/ahana-ruth-pinto

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Page 1: Employee Engagement as an Antidote to Combat Corporate Brain Drain

International Journal of Trend in

International Open Access Journal

ISSN No: 2456 - 6470

@ IJTSRD | Available Online @ www.ijtsrd.com

Employee Engagement Combat Corporate Brain

Ahana Ruth Pinto1Research Scholar

St. Joseph's College

ABSTRACT One of the growing problems faced by companies iwhen employees leave the company due to turnover, retirement, downsizing it leads loss of knowledge .This leads to incredible knowledge and experience walking out the door. It is important to prevent knowledge from escaping when an employee leaves the company. Companies are using employee engagements in order preserve knowledge. It is important to have engaged employees who are satisfied with their work, willing to accept responsibility and looks forward to a long term association with the company. There ways in which intangible assets (employee knowledge) can be measured. Organisations need to understand that loosing employees could mean missed opportunities sometimes they aren’t even aware of how much of a problem it is and what crisis theyhave in the future The objective of this article is to shed light on employee engagement and why it is important, as well as use it as a tool to prevent corporate brain drain .Findings show that this corporate brain drain has an adverse effect on thetalent pool and measures should be taken at the earliest. This study tries to see the impact of employee engagement on trying to reduce attrition and serve as an antidote for corporate brain drain. KEY WORDS: Employee engagement, knowledge, corporate brain drain 1. INTRODUCTION Brain drain is taking place at a very fast rate in developing countries; People get disenchanted with low rewards available for their qualifications and experience, which compels them to migrate inof greener pastures.

International Journal of Trend in Scientific Research and Development (IJTSRD)

International Open Access Journal | www.ijtsrd.com

6470 | Volume - 3 | Issue – 1 | Nov – Dec 2018

www.ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 2018

Employee Engagement as an Antidote toCombat Corporate Brain Drain

Ahana Ruth Pinto1, Sarah John2 Research Scholar, 2Assistant Professor

St. Joseph's College, Bengaluru, Karnataka, India

One of the growing problems faced by companies is, when employees leave the company due to turnover, retirement, downsizing it leads loss of knowledge .This leads to incredible knowledge and experience walking out the door. It is important to prevent knowledge from escaping when an employee leaves

ompany. Companies are using employee engagements in order preserve knowledge. It is important to have engaged employees who are satisfied with their work, willing to accept responsibility and looks forward to a long term

are not many ways in which intangible assets (employee knowledge) can be measured. Organisations need to understand that loosing employees could mean missed opportunities sometimes they aren’t even aware of how much of a problem it is and what crisis they will have in the future The objective of this article is to shed light on employee engagement and why it is important, as well as use it as a tool to prevent corporate brain drain .Findings show that this corporate brain drain has an adverse effect on the talent pool and measures should be taken at the earliest. This study tries to see the impact of employee engagement on trying to reduce attrition and serve as

Employee engagement, knowledge,

Brain drain is taking place at a very fast rate in developing countries; People get disenchanted with low rewards available for their qualifications and

migrate in search

It’s usually the brightest employees something better and take up the risk of moving from the land of the known to the unknown.involves immigration of trained and highly skilled human labour away from a place that needs it the most, in the quest for financial gain or career advancement. When a company loses an employee they lose the knowledge that employee carries with him when he walks out the door. Informationsome extent can be easily information in the minds of the employees cannot be recovered. Employee engagement, the organization’sengage, retain, and optimize theemployees hinges on how well jobsemployees' time is used, andsupport that is shown to employees by the management would motivate employorganization. One could argue that the employee that has been let go would possess much greater potential than the poached employee under the right leadership and mentoring. Companies need to understand the importance of using employee engagement across all facets of the organisation from top to bottom.Employees need be engaged and given a sense of attachment towards the job they collect their insights and opinionsvaluable in order to increase the level of engagement at the workplace. When an employee feels satisfied they will feel safe and will work to their full potential and are more likely to stay put.

Research and Development (IJTSRD)

www.ijtsrd.com

Dec 2018

Dec 2018 Page: 860

o

usually the brightest employees who search for up the risk of moving from

to the unknown. Brain Drain involves immigration of trained and highly skilled human labour away from a place that needs it the

in the quest for financial gain or career

employee they lose the knowledge that employee carries with him when he

Information stored in computers to some extent can be easily retrieved, but the

ormation in the minds of the employees cannot be

the organization’s capacity to optimize the value of its

well jobs are designed, how and the commitment and

is shown to employees by the management would motivate employees to stay in the

One could argue that the employee that has been let go would possess much greater potential than the

the right leadership and Companies need to understand the

importance of using employee engagement across all facets of the organisation from top to bottom. Employees need be engaged and given a sense of attachment towards the job they do.it is necessary to

and opinions which will be valuable in order to increase the level of engagement at the workplace. When an employee feels satisfied they will feel safe and will work to their full potential

t.

Page 2: Employee Engagement as an Antidote to Combat Corporate Brain Drain

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

@ IJTSRD | Available Online @ www.ijtsrd.com

The term brain drain refers to the movement of highly trained or qualified people from a particular company in search of better opportunities and rewards for their work. When an employee leaves the organisation, he takes with him the training and experience he has gathered in the job and provides it to the companies’ competitors. The organisation has to aim to old knowledge is collected and shared so that it might not walk out the door. Employee Engagement is a positive attitude held by the employees towards the organization and its values. It is rapidly gaining popularity and importance in the workplace and impacts organizations in many ways. Thus, organizations need to better understand how different employees are affected by different factors of engagement and focus on those in order to achieve the strategic outcomes as well as to improve overall effectiveness. Embedding employee engagement as a tool in all organisations is a top priority to survive in the new global economy as they are building a future with and around people. If the companies HR policies ensure that an employee does not feel unwanted, his insights and suggestion are taken into account and he is givemore challenging and engaging roles within the organisation , the employee will feel more engage to his job and will in turn be more productive, content and loyal to the organisation. When organisation has good, employee centred HR practices they will be able to retain their talents and make sure that they have fulfilling careers within the organisation itself. . The employee who has been with the company longer would definitely hold a greater attachment to the organisation, and have a better working knowledge about the company which can be productively used. 2. REVIEW OF LITERATURE: Bhatla (2011) focused on the need for employeeshow their presence can improve the progress and work efficiency of the organization as a whole .Also focused on the challenges faced by the HR managers to improve employee engagement for an organization’s survival. Shashi (2011) reinforced the importance of employee communication on the success of a revealed that an organization should realize the

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

www.ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 2018

The term brain drain refers to the movement of highly trained or qualified people from a particular company

rewards for their employee leaves the organisation, he

takes with him the training and experience he has gathered in the job and provides it to the companies’

he organisation has to aim to see that old knowledge is collected and shared so that it might

Employee Engagement is a positive attitude held by the employees towards the organization and its values. It is rapidly gaining popularity and importance in the workplace and impacts organizations in many ways.

to better understand how different employees are affected by different factors of engagement and focus on those in order to achieve the strategic outcomes as well as to improve overall

Embedding employee engagement as a tool in all survive in the new

global economy as they are building a future with and If the companies HR policies ensure

that an employee does not feel unwanted, his insights and suggestion are taken into account and he is given more challenging and engaging roles within the organisation , the employee will feel more engage to his job and will in turn be more productive, content

When organisation has good, employee centred HR able to retain their talents and

make sure that they have fulfilling careers within the . The employee who has been with

the company longer would definitely hold a greater attachment to the organisation, and have a better

ledge about the company which can be

for employees and how their presence can improve the progress and work efficiency of the organization as a whole .Also

challenges faced by the HR managers to improve employee engagement for an

reinforced the importance of employee business. She

revealed that an organization should realize the

importance of employees, variable, as the most powerful contributor to an organization’s competitive position. Kruse (2012) has discussed that emploengagement is the emotional employee that he/she has towards its goals. These efforts motivate and engage the employees in an organization, hence the productivity and profitability of the organization increases. In their study Sreekanth and Aryasri, (2012)reported that employee engagement with employee behaviour and commitment towards the organization. Swarnalatha and Sureshkrishna, (2013)employee engagement is the employees think, feel and act in wayhigh levels of involvement toEngaged employees are motivated to contribute to their knowledge, skills and abilities to help their organization succeed. 3. STATEMENT OF THE PROBLEM:Organisation are facing the issue with how to keep their employees engaged to carry out their assigned tasks efficiently. Disengaged employees tend to have a negative attitude towards their work and tend to be unproductive. There is a need to find an innocost efficient tool that can help them implement engagement and reward engagement serves as a tool of tremendous advantage in order to keep employees stay longer in the organisation. It has a positive effect on employees which is reflected in their willingness to work harder and achieve the organisational goals.engagement is more than just benefitsabout getting your employees to put their hearts and minds into the work they do each day without having the slightest intention to leave. 4. NEED FOR THE STUDY:The challenge today is not just retaining but engaging them and keeping them committed about their work. It is important for organisationsunderstand why people leave the job and by try to keep them engaged. Organizations need to a sense of involvement, positive emotions about their work and a sense of belongingness in their employeesEmployee engagement needs to be added as an integral component into the company’s st

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

Dec 2018 Page: 861

more than any other variable, as the most powerful contributor to an

competitive position.

has discussed that employee engagement is the emotional commitment of an employee that he/she has towards the organization and

efforts motivate and engage the employees in an organization, hence the productivity and profitability of the organization increases.

Sreekanth and Aryasri, (2012) have reported that employee engagement is closely related with employee behaviour and commitment towards

Swarnalatha and Sureshkrishna, (2013) say that employee engagement is the extent to which employees think, feel and act in ways that represent

involvement to their organization. are motivated to contribute to

their knowledge, skills and abilities to help their

STATEMENT OF THE PROBLEM: Organisation are facing the issue with how to keep their employees engaged to carry out their assigned

Disengaged employees tend to have a negative attitude towards their work and tend to be unproductive. There is a need to find an innovative, cost efficient tool that can help them implement engagement and reward policies. Employee engagement serves as a tool of tremendous advantage in order to keep employees stay longer in the

positive effect on employees reflected in their willingness to work harder

and achieve the organisational goals. Employee more than just benefits and perks, it’s

about getting your employees to put their hearts and into the work they do each day without having

slightest intention to leave.

NEED FOR THE STUDY: The challenge today is not just retaining employees but engaging them and keeping them committed about

It is important for organisations to understand why people leave the job and by doing so

Organizations need to instil a sense of involvement, positive emotions about their work and a sense of belongingness in their employees. Employee engagement needs to be added as an integral component into the company’s strategy to

Page 3: Employee Engagement as an Antidote to Combat Corporate Brain Drain

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

@ IJTSRD | Available Online @ www.ijtsrd.com

ensure long lasting relationship with employees and retention of information to avoid corporate brain drain. Organisations must be able to manage their workforce and build loyalty and passion to meet the needs of the organisation and also their e 5. OBJECTIVES: � To understand the concept of corporate brain

drain. � To analyse the issues involved with corporate

brain drain. � To study the need to combat corporate brain drain� To find out if employee engagement can be an

antidote to corporate brain drain.

6. RESEARCH METHODOLOGY: This paper is based on review of the secondary data that has been collected from the existing available sources such as including theoretical papers, case studies, and other types of papers, books, journals. 7. LIMITATIONS: Due to lack of time this paper is based on solely secondary data that has collected from variousexisting sources. 8. WHY IS CORPORATE BRAIN DRAIN AN

ISSUE? Corporate brain drain is a situation where employees job hop, look for bigger, lucrative taking with them the knowledge and training that they have towards the job. Corporate brain drain happens when people feel dissatisfied at work and they feel left out with alignment of their companies. They have a feeling of being held hostage to their job filled with fear and uncertainty. As labour markets open up and new job offers are available this can lead to a dtalent. Therefore it is important to retain the skilworkers as much as possible. Brain drain leads to an economic cost to the company. When a highly efficient and skilled worker leaves the organisation, he takes with his key skills, experiences and organisation memory that are required for the job, especially when it comes to highly tewhere the more the employee works the more knowledge he gets from doing the job repeatedly, it is very difficult and sometimes even highly expensive to replace such human capital from the organisation. It also adds in more recruiting, selecting and training

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

www.ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 2018

ensure long lasting relationship with employees and retention of information to avoid corporate brain

Organisations must be able to manage their and build loyalty and passion to meet the

needs of the organisation and also their employees.

To understand the concept of corporate brain

To analyse the issues involved with corporate

To study the need to combat corporate brain drain. To find out if employee engagement can be an

This paper is based on review of the secondary data that has been collected from the existing available sources such as including theoretical papers, case

, books, journals.

Due to lack of time this paper is based on solely secondary data that has collected from various

WHY IS CORPORATE BRAIN DRAIN AN

Corporate brain drain is a situation where employees opportunities,

taking with them the knowledge and training that they

Corporate brain drain happens when people feel at work and they feel left out with

alignment of their companies. They have a feeling of illed with fear and

labour markets open up and new job e available this can lead to a drain on the

Therefore it is important to retain the skilled

Brain drain leads to an economic cost to the company. When a highly efficient and skilled worker leaves the organisation, he takes with his key skills, experiences and organisation memory that are required for the job, especially when it comes to highly technical jobs where the more the employee works the more knowledge he gets from doing the job repeatedly, it is very difficult and sometimes even highly expensive to replace such human capital from the organisation. It

g and training

costs which the company has to expend a lot of its resources and financial capital to do. Companies take years to build up their intellectual capital; knowledge bases are created by the talents of the company through several trials and errorimportant that companies make sure that they hold on to these bases as they are mostly informal and come from experience. Sharing of knowledge and skills is paramount to the company and when the creators of this knowledge bases leave the organisatgaps in the human capital that cannot be easily filled. Brain drain could also affect the morale of the retained employees, those who feel similarly unrewarded would look for greener pastures as those of their contemporaries, which could caugreater problems to the organisation as well as bring in a sense of lack of interest in the job and low productivity. Brain drain also brings in a culture of fear and uncertainness into an organisation which would affects its team cohesiveness, emof job and lacking security in a given job always work with that in mind and do not stay loyal to the organisation. Attrition rates are one of the elements that have to be kept lesser and stable by organisations, brain drain causes not only a loss of talent, but also increases the percentage of employees leaving the organisation. A company that is seen as unable to retain its talents cannot attract new talents to fill in the gaps. The poached employee who may have better skills would also cause a disruption in the organisation, by retaining his old work culture and methodologies and find it difficult to adapt within the new work culture. The employee will also be a source of insecurity to the existing employees who may feel their input,and knowledge is being disregarded by the company. Brain drain does not only cause the huge loss of intellectual capital, but also causes expensive gaps in the organisations human capital, and also lead to lower employee morale and loyalty 9. HOW CAN EMPLOYEE ENGAGEMENT

HELP TO COMBAT CORPORATE BRAIN DRAIN?

In today’s world, where employees seem to have a lot of opportunities available and companies suffer from high attrition rates employee

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

Dec 2018 Page: 862

costs which the company has to expend a lot of its resources and financial capital to do.

Companies take years to build up their intellectual capital; knowledge bases are created by the talents of the company through several trials and errors. It is important that companies make sure that they hold on to these bases as they are mostly informal and come from experience. Sharing of knowledge and skills is paramount to the company and when the creators of this knowledge bases leave the organisation they leave gaps in the human capital that cannot be easily filled.

Brain drain could also affect the morale of the retained employees, those who feel similarly unrewarded would look for greener pastures as those of their contemporaries, which could cause even greater problems to the organisation as well as bring in a sense of lack of interest in the job and low

Brain drain also brings in a culture of fear and uncertainness into an organisation which would affects its team cohesiveness, employees fearing loss of job and lacking security in a given job always work with that in mind and do not stay loyal to the organisation. Attrition rates are one of the elements that have to be kept lesser and stable by organisations,

only a loss of talent, but also increases the percentage of employees leaving the organisation. A company that is seen as unable to retain its talents cannot attract new talents to fill in the

The poached employee who may have better skills lso cause a disruption in the organisation, by

retaining his old work culture and methodologies and find it difficult to adapt within the new work culture. The employee will also be a source of insecurity to the existing employees who may feel their input, skills and knowledge is being disregarded by the company. Brain drain does not only cause the huge loss of intellectual capital, but also causes expensive gaps in the organisations human capital, and also lead to lower employee morale and loyalty.

CAN EMPLOYEE ENGAGEMENT HELP TO COMBAT CORPORATE BRAIN

where employees seem to have a lot of opportunities available and companies suffer from high attrition rates employee engagement seems to a

Page 4: Employee Engagement as an Antidote to Combat Corporate Brain Drain

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

@ IJTSRD | Available Online @ www.ijtsrd.com

tool to reduce corporate brain drain .increase the level of commitment and psychological attachment towards the organisation and also encourages high level of productivity by the individual. Every company should focus on retaining their employees; it’s important to constantly understand their needs and motivate them so that they do not get bored and leave. Career oriented growth opportunities are expected from employees so that they are satisfied with their career path. It’s important that create a positive work environment of trust and transparency through constant communication in order to establish relationships. A culture of optimism to improve productivity and better morale. need to make their employees feel valued and provirecognition and rewards in order to effectively keep their employees engaged. A culture of optimism needs to be created, to improve productivity and better employee morale. Companies need to make their employees feel valued and provide recognition and rewards in order to effectively keep their employees engaged. An engaged employee is an employee who is fully engrossed in his work, who finds his job challenging and also as a means for career development. in studies that Employees with the highest levels of engagement and commitment perform 20 percent better and are 87 percent less likely to leave the company than employees who are less engaged with their work. An engaged employee is one who feels he is being cared for at work, who feels that their opinion counts and has adequate feedback and opportunities to grow within the organisation. An engaged employee is one who is a great boon to the company as not only wthe attrition rates reduce, but he is more satisfied in his job and not willing to change it, thereby he work harder at the job, bringing in fresh ideas and perspectives to help the company grow and develop. A reduction in engagement scores of just .05could predict an increase in overall employee turnover for a company of as much as 0.75 percent. Another advantage of employees being more engaged is that they would work to build up customer satisfaction, an employee happy in is job, will spreadit around positively and influence customers to stay

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

www.ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 2018

brain drain .It helps to increase the level of commitment and psychological attachment towards the organisation and also

productivity by the

Every company should focus on retaining their it’s important to constantly understand

their needs and motivate them so that they do not get bored and leave. Career oriented growth opportunities

t they are satisfied important that companies

work environment of trust and transparency through constant communication in

A culture of optimism morale. Companies

need to make their employees feel valued and provide recognition and rewards in order to effectively keep

A culture of optimism needs to be created, to improve productivity and better employee morale. Companies need to make their employees feel valued and provide

d rewards in order to effectively keep

An engaged employee is an employee who is fully engrossed in his work, who finds his job challenging and also as a means for career development. It is seen

highest levels of engagement and commitment perform 20 percent better and are 87 percent less likely to leave the

ess engaged with

An engaged employee is one who feels he is being cared for at work, who feels that their opinion counts and has adequate feedback and opportunities to grow within the organisation. An engaged employee is one who is a great boon to the company as not only will the attrition rates reduce, but he is more satisfied in his job and not willing to change it, thereby he work harder at the job, bringing in fresh ideas and perspectives to help the company grow and develop. A reduction in engagement scores of just .05 percent could predict an increase in overall employee turnover for a company of as much as 0.75 percent.

Another advantage of employees being more engaged is that they would work to build up customer satisfaction, an employee happy in is job, will spread it around positively and influence customers to stay

loyal to the business. In jobs designs where the employee is the most important link to the product it is important the companies ensure that the link is kept engaged so that he positively influences thto stay loyal to the organisation. 10. CRITICAL FACTORS THAT INFLUENCE

EMPLOYEE ENGAGEMENTEmployee engagement as a tool can be used in different ways to reduce corporate brain drain some of them are: >Job design: The job characteristics anshould suit the needs of the employee, not only qualification based, but also personality and interest of the employee should be taken into account. Job design must be improved in such a manner that it given the employee the opportunity to learn grow in his particular field. >Empowerment: Employees must be empowered to perform better; they must be encouraged to bring forward their input and innovative ideas and given space to open up about their opinions to move the organization forward. >Training and Development: Training and development can be made more employee centred to identify where the employee may be lacking and take steps to improve it in terms of training and also have development programs within organisation so that employee can have the opportunity to move up the career ladder make work meaningful >Communication: Channels of communication can be made more open so the employee can openly discuss his grievances and also have the opportunity to make changes to his work when required. The chain of command and communication can be bestablished and make the employee feel at ease in the organisation. >Compensation : The employee should be given better incentives to remain in the job,loyalty in the job the employee can be rewarded for their long stay with the compalinked bonuses. >Health and safety: In a work environment where the stress is one of the major drawbacks, it is important for organisations to look at how to reduce stress in the working environment, reduction in harsh and

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

Dec 2018 Page: 863

loyal to the business. In jobs designs where the employee is the most important link to the product it is important the companies ensure that the link is kept engaged so that he positively influences the customer to stay loyal to the organisation.

CRITICAL FACTORS THAT INFLUENCE EMPLOYEE ENGAGEMENT:

Employee engagement as a tool can be used in different ways to reduce corporate brain drain some of

>Job design: The job characteristics and profile should suit the needs of the employee, not only qualification based, but also personality and interest of the employee should be taken into account. Job design must be improved in such a manner that it given the employee the opportunity to learn as well as

Employees must be empowered to perform better; they must be encouraged to bring forward their input and innovative ideas and given space to open up about their opinions to move the

>Training and Development: Training and can be made more employee centred to

identify where the employee may be lacking and take of training and also have

development programs within organisation so that employee can have the opportunity to move up the

make work meaningful

>Communication: Channels of communication can be made more open so the employee can openly discuss his grievances and also have the opportunity to make changes to his work when required. The chain of command and communication can be better established and make the employee feel at ease in the

>Compensation : The employee should be given better incentives to remain in the job, to encourage

in the job the employee can be rewarded for their long stay with the company and have experience

>Health and safety: In a work environment where the stress is one of the major drawbacks, it is important for organisations to look at how to reduce stress in the working environment, reduction in harsh and

Page 5: Employee Engagement as an Antidote to Combat Corporate Brain Drain

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

@ IJTSRD | Available Online @ www.ijtsrd.com

unrealistic targets as well as stopping of penalisation of employees for not meet company expectations is one of the ways in which company can ensure the health and safety needs of the employees are met. >Recognize achievements: Another tool that can be used more prevalently, is the recognition of the achievements of the employee within the organization, financial incentives as well as recognition among peers can act as great motivators to employees to work harder at improving themselves in their particular activity an also a create a benchmark towards which they can work. >Initiate social activities: Employee engagement aims at making the employee more comfortable with the job and the organization, to feel at home as one the valued members in the company and one of in which that can be done is by encouraging more social activities within the company, trips and outings sponsored by the company can work as a way to bring the employees together to work towards a common goal. > Create a culture of support: The organization needs to build up an environment where the employee feels valued and needed, support systems must be in place for those struggling in areas can develop in areas where there is a lack. Peer learning as well as temporary role transfers can be encouraged to make the employee grow in the field. These are a few ways in which employee engagement can be practically applied in organizations to make employees feel more fulfilled and needed in the job so there is less chance of the employee leaving becausof lack of opportunities or feelings of disregard in the organization. 11. FINDINGS: Brain drain is a serious problem that is affecting companies all around the world, lack of opportunities and recognition is creating a lack of loyalty in jobs and in turn increasing the attrition rates in companies. Corporate brain drain not only causes a gap in human capital, but also reduced the intellectual capital of the company. One of the ways in which an organization can overcome corporate brain drain is by makthe employee is engaged in the organization. Providing better opportunities, letting the employee voice out his opinions, providing rewards both financial and peered to employees for their

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

www.ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 2018

ic targets as well as stopping of penalisation of employees for not meet company expectations is one of the ways in which company can ensure the health and safety needs of the employees are met.

>Recognize achievements: Another tool that can be revalently, is the recognition of the

achievements of the employee within the organization, financial incentives as well as recognition among peers can act as great motivators to employees to work harder at improving themselves in

an also a create a benchmark

>Initiate social activities: Employee engagement aims at making the employee more comfortable with the job and the organization, to feel at home as one the valued members in the company and one of the ways in which that can be done is by encouraging more social activities within the company, trips and outings sponsored by the company can work as a way to bring the employees together to work towards a common

rganization needs to build up an environment where the employee feels valued and needed, support systems must be in place for those struggling in areas can develop in areas where there is a lack. Peer learning as well as

ouraged to make

These are a few ways in which employee engagement can be practically applied in organizations to make employees feel more fulfilled and needed in the job so there is less chance of the employee leaving because of lack of opportunities or feelings of disregard in the

a serious problem that is affecting companies all around the world, lack of opportunities and recognition is creating a lack of loyalty in jobs

turn increasing the attrition rates in companies. Corporate brain drain not only causes a gap in human capital, but also reduced the intellectual capital of the company. One of the ways in which an organization can overcome corporate brain drain is by making sure the employee is engaged in the organization. Providing better opportunities, letting the employee voice out his opinions, providing rewards both financial and peered to employees for their

achievements are some ways in which employee will feel more engaged and willing to serve the organization for longer periods. 12. CONCLUSION: In conclusion, companies need to keep themselves aware of the threat of corporate brain drain in order to stay viable and competitive .They must aim to keep their employees engaged at all times with all possible ways so that the intention to leave does not arise . Although a new employee will bring injection of experience and knowledge, the employee that leaves takes with him something more valuable that is irreplaceable. Retaining knowledge and people to reduce attrition, optimisedevelop motivated employees with high commitment towards the organisation. 13. REFERENCES: 1. Bhatla, N. (2011). To study the Employee

Engagement practices and its effect on employee Performance with special reference to ICICI and HDFC Bank in Lucknow. IJSER,2

2. Balakrishnan, C; Masthan, D and Chandra, V. 2013.Employee Retention Through EmployeeEngagement - A Study At An Indian International Airport. International Journal of Business and Management Invention ISSN (Online): 2319 8028, ISSN (Print): 2319 –

3. Kruse, K. (2012, September 4). Why employee engagement? These 28 research studies prove the benefits. Retrieved from sites/kevinkruse/2012/09/04/whyengagement/

4. Shashi, T. (2011). Employee Engagement Key to Organizational Success. ICOQM28-30

5. Sreekanth, R., & Aryasri, A. R. (2012). Employee engagement practices in hospitality industryempirical study of hotel front line employees. NITHM Journal of Tourism and HospitalManagement, II (II ), 7.

6. Swarnalatha, C., & Sureshkrishna, G. (2013). Role of employee engagement inbuilding job satisfaction among employees of automotive industries in India. International Journal of Human Resource Management and Research, 3(1),

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

Dec 2018 Page: 864

achievements are some ways in which employee will e engaged and willing to serve the

organization for longer periods.

companies need to keep themselves aware of the threat of corporate brain drain in order to stay viable and competitive .They must aim to keep their employees engaged at all times with all possible ways so that the intention to leave does not arise .

ugh a new employee will bring a new breed and ion of experience and knowledge, the employee

that leaves takes with him something more valuable Retaining knowledge and people

attrition, optimise process in order to velop motivated employees with high commitment

Bhatla, N. (2011). To study the Employee Engagement practices and its effect on employee Performance with special reference to ICICI and HDFC Bank in Lucknow. IJSER,2(8).

asthan, D and Chandra, V. Employee Retention Through Employee

tudy At An Indian International ational Journal of Business and

Invention ISSN (Online): 2319 –– 801X.

Kruse, K. (2012, September 4). Why employee engagement? These 28 research studies prove the benefits. Retrieved from http://www.forbes.com/ sites/kevinkruse/2012/09/04/why-employee-

loyee Engagement - The Key to Organizational Success. ICOQM-10 June

Sreekanth, R., & Aryasri, A. R. (2012). Employee engagement practices in hospitality industry- An empirical study of hotel front line employees. NITHM Journal of Tourism and Hospitality

Swarnalatha, C., & Sureshkrishna, G. (2013). Role of employee engagement inbuilding job satisfaction among employees of automotive

International Journal of Human Resource Management and Research, 3(1),

Page 6: Employee Engagement as an Antidote to Combat Corporate Brain Drain

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

@ IJTSRD | Available Online @ www.ijtsrd.com

WEB REFERENCE: 1. http://fortune.com/2010/08/23/how-big

companies-can-stop-the-brain-drain/

2. http://hrcouncil.ca/hr-toolkit/keepingemployee-engagement.cfm

3. https://inpowercoaching.com/corporatedrain/

4. https://www.theguardian.com/education/2015/jun/04/brain-drain-to-corporates-no-surprise

5. https://www.quora.com/What-are-thebrain-drain-in-India

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN:

www.ijtsrd.com | Volume – 3 | Issue – 1 | Nov-Dec 2018

big-drain/

toolkit/keeping-people-

https://inpowercoaching.com/corporate-brain-

https://www.theguardian.com/education/2015/jun/surprise

the-reasons-for-

6. https://getbambu.com/blog/importanceemployee-engagement/

7. https://www.linkedin.com/pulse/corporatedrain-importance-intellectualmoodley

8. http://dialoguereview.com/beatdrain/

9. https://study.com/academy/lesson/whatdrain-in-economics-definitionexamples.html

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

Dec 2018 Page: 865

https://getbambu.com/blog/importance-of-

/pulse/corporate-brain-intellectual-capital-deren-

http://dialoguereview.com/beat-corporate-brain-

https://study.com/academy/lesson/what-is-brain-definition-causes-effects-