T
he focus here is more on establishing a long-term association and connection with its people. Being associated with Johnson & Johnson for over ten years now, and moving up to become the VP, Shirodkar himself is a grand example of the culture of commitment that Johnson & Johnson imbibes in every employee and this is the key feature which has taken them far above this problem of managing talent and fighting attrition. But does this mean that there is absolutely no attrition at Johnson & Johnson? Most certainly not! People do tend to leave and try to negotiate salary for a better offer. Elaborates Shirodkar, “Compensation is a very transactional thing and there is no room for counter offers even if it is at the cost of losing a resource. Yes, people do leave, but many also come back, and when they do, we take them back at the salary and designation they had left the company at.” So then, what makes Johnson & Johnson a sought after employer despite its reputation of not being the ‘best pay master’?
For Complete IIPM Article, Click on IIPM Article
he focus here is more on establishing a long-term association and connection with its people. Being associated with Johnson & Johnson for over ten years now, and moving up to become the VP, Shirodkar himself is a grand example of the culture of commitment that Johnson & Johnson imbibes in every employee and this is the key feature which has taken them far above this problem of managing talent and fighting attrition. But does this mean that there is absolutely no attrition at Johnson & Johnson? Most certainly not! People do tend to leave and try to negotiate salary for a better offer. Elaborates Shirodkar, “Compensation is a very transactional thing and there is no room for counter offers even if it is at the cost of losing a resource. Yes, people do leave, but many also come back, and when they do, we take them back at the salary and designation they had left the company at.” So then, what makes Johnson & Johnson a sought after employer despite its reputation of not being the ‘best pay master’?For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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