News »Browse Articles »
Retailers finding ways to retain top talent
+1
Retailers finding ways to retain top talent
Some of the leading retailers are offering attractive retention packages to top performers in an effort to hold on to them. Retailers such as Future Group, Reliance Retail, Ebony and RPG Retail are in the process of creating the ‘golden handcuff’ type of scheme, which will reduce churning at the top level. Golden handcuffs are special retention packages that induce an employee either emotionally or monetarily to stay with the company.
Future Group has a scheme that provides insurance to its top three levels of employees and their family members. The company has tied up with MetLife India and Bajaj Alliance General Insurance to provide insurance to employees at the company’s cost, and would provide the monthly salary till retirement age in case of the demise of the employee. There are other schemes for other levels of employees, which number 17,000 at present.
Source:
http://Source: The Economic Times
Future Group has a scheme that provides insurance to its top three levels of employees and their family members. The company has tied up with MetLife India and Bajaj Alliance General Insurance to provide insurance to employees at the company’s cost, and would provide the monthly salary till retirement age in case of the demise of the employee. There are other schemes for other levels of employees, which number 17,000 at present.
Source:
http://Source: The Economic Times
