In the survey conducted by India's leading C Level executive search firm Executive Access, 37 per cent organisations said that given the concerns around the quality of talent available and acquisition of talent they will now focus on retaining talent to curtail attrition levels.
"Companies are working smartly as they have realised that the way to retain talent is not by merely giving more money as the GEN Y workforce needs are changing rapidly," said Ronesh Puri, Managing Director, Executive Access.
"To stay in the competition, an organisation needs to develop an innovative programme custom made to a candidates long term aspirations in order to help secure a sense of loyalty," Puri added.
Apart from retaining talent, growing the top line (13 per cent) and adapting to new technology (12 per cent) were the other two sectors that organisations wanted to lay emphasis on in the second half of the year.
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