Marg Business Transformation

Marg Business Transformation

3 Things to consider for Talent Retention Strategy

Talent Retention Strategy

It’s well known that people usually leave their managers and not companies but even more important is the ecosystem or culture that provides necessary tools to the line managers in helping design a thriving workplace. So, let’s talk about the 3 C’s which should be part of the ‘’Talent Engagement and Retention’’ strategy, especially in all knowledge-based industries.

1. Culture – As the world stumbles toward a post-pandemic recovery, employee turnover is a reality and hence organizations need to focus on cultivating employee engagement. It’s clear that engaged employees perform better, experience less burnout, and stay longer. Organizations that understand this and are able to help employees cue into their personal purpose either by making the jobs more meaningful at work or providing tools to help them connect with what they care about outside working hours will do well. In addition, a culture based on recognizing employees & giving them more autonomy will go a long way in retaining people in today’s fast-changing talent market.

2. Career Planning – Hiring good people is tough, but as every leader knows, keeping them is even tougher and hence the art of crafting a career plan is a necessary skill for everyone in leadership. Today’s employees have high expectations of their employers, and it goes far beyond just a paycheck. The workforce wants to know that they’re making a difference within their companies and hence it’s important for leaders to do effective career planning for people thereby ensuring they have the ‘right people in the right seat on the bus.’ For example, if an employee enjoys speaking with clients, increasing tasks that enable face-to-face interactions can make the job more engaging. Employers must ask for feedback and support employees looking to branch out in these ways.

3. Compensation An individual’s primary reason for employment is ‘Getting Paid’! Compensation is a key factor in the context of a person’s work experience. Unless appropriately managed by the employer, compensation can become the main cause of job dissatisfaction. However, once employees are satisfied with their compensation, this factor will no longer motivate them to improve performance on their side further. Remember, compensation is one of the main drivers of employee retention but not necessarily engagement.

So, leaders need to make sure that compensation packages have a clear connection with the merit of an employee and that the rewards program is well communicated and applied fairly and consistently across the entire organization. When compensation is managed carefully, it aligns people’s behaviour with the company’s strategy and generates better performance. But when it’s managed poorly, the effects can be devastating: the loss of key talent, demotivation, and misaligned objectives.

Sudeshna Roy Basu

Co-Founder & CEO

Industry Experience: Held positions in Strategic Finance and Business Finance (F&A) at Intel, Bangalore, and Glaxo SmithKline, Gurgaon; Chartered Accountant from Kolkata Spearheaded the formation and set up of Marg as a training and consulting organization since 2007. Marg team delivers training and consulting in the areas of soft skills, Finance, and MS Office across all levels of management. Her present responsibilities in Marg include formulating and implementing strategic goals and objectives, Marketing, Business Development, Finance, and HR. Currently, Marg Business Transformation is the authorized affiliate of Prosci Inc (world leaders in Change Management) in the Indian subcontinent. Marg provides change management certification, enterprise training, and advisory services in the field of change management. Emergenetics and Human Synergistics are also couples of global offerings which have been added to the portfolio. Under severe competition, cost challenges, economic scenarios, and pandemics she has enabled Marg to get a niche share in the training market in India ably managing a team of highly professional and experienced trainers and a fast-paced business development team. She is also responsible for future market expansion and getting Marg to the trajectory of growth. Her experience in business finance (management accounting ) roles (at Intel and Glaxo SmithKline) was mainly around annual planning of business, product and promotion strategies, ownership of the brand and product PnL, product launches, pricing, leading short-term and long-term revenue/margin analysis by product/brands/customers, establishing controls frame for sales and marketing groups, transitioning finance roles from other geographies to India, driving decisions of greenfield sites which formed the basis of taking up the challenge to start up an organization.

Jemimma Flora

Head Operations

Hey 👋 I am Flora, Head - of Operations at Marg. Marg found me 6 years ago and the journey still continues to engage and bring the best out of me. I resonate and connect with the Marg values of Integrity, building a fun workplace, and enabling a great learner experience. Leaders at Marg believe and strive to make our workplace engaging, a culture of continuous learning, and enabling everyone to be great leaders at work. I am a big foodie, an avid traveler, and love spending time with loved ones over a good meal or some intense board games. I am passionate about the people I work with and constantly finding ways to tap into their strengths and work on opportunities - enabling holistic people development and a great workplace.

Bharathi R

Training Enablement Manager

Hello 👋🏼, I am Bharathi, Training Enablement Manager at Marg. After having spent 10+ years in various departments across the Banking industry, I am now part of the operations team. What I enjoy the most in Marg is that we strive to do better each day. We capitalize on our team’s strength and put the experience of our clients at the forefront. 

When am not working, you will find me spending time with my close ones either traveling or watching a movie. I am a yoga freak and do my best to volunteer for various causes whenever I get an opportunity.

Usha Salian

Business Development Manager

Usha comes from a background of business development, sales, and strategic management over 10+ years. Starting out her career in the insurance space, Usha progressed towards business development in the B2B events space and has handled projects across India, Dubai, Saudi Arabia, Qatar, Kuwait, Bahrain, Kenya, South Africa, and the APAC region.

With us for over a year, she now aims to make an impact in the corporate development space, changing the way organizations function through handling our flagship Prosci Change Management. In her own words, she says “Working with Marg has been a fantastic and pleasant experience, were

management doesn’t hesitate to trust you with bigger responsibilities and encourages you to grow always.”  

Leading by example, Usha has remained at the top of most performance indicators within every organization she has worked, from sales generated to metrics of effort such as highest outreach, call

time, or quickest conversions. She is an ardent believer in work-life balance and has showcased equal

attention to other areas of her life, such as fitness, holistic living, and maintaining a positive lifestyle.

The quote, “Hard work beats talent” doesn’t mean a lack of talent in her case, but attributes to her quality of being relentless, when given a task to perform, or target to achieve. Hence if it’s one quality, among many that shine from her, it’s simply her undying work ethic. In her spare time, she engages in Drama and Theatre

K Krishnamurthy [Krish]

Head MARG Consulting

With over 25 years of experience in the industry (Operations, Private Equity, Consulting, and Corporate finance), Krish leads Consulting at Marg.

His focus on Change management has helped many clients develop Change Capability, deliver complex projects, as well as support leadership development in that area. He holds an Experienced Practitioner qualification from Prosci and is also a Prosci Advanced Instructor. He is also a Certified Change Management Professional™, a sought-after Change Management credential, issued by ACMP.

Krish is also an Accredited Practitioner of Emergenetics – a research-based profiling instrument that addresses thinking and behavior styles. His experience in application of this tool is in supporting Leadership [individuals as well as teams] in self-awareness and subsequent coaching.

Lastly, with Marg developing solutions for organizations to address Culture, Krish is an Accredited Practitioner of Human Synergistics assessments that help develop and deliver changes to Organizational Culture, Effectiveness, as well as Leadership behaviors and impact.

He leverages his leadership experience across Indian and global organizations to help deliver results in these areas. His industry experience (has headed Business Lines, as well as Operations, Finance, and HR) has helped him in devising 'Practical' solutions suited to companies of various industries. His prime areas of expertise include Change Management, Culture Change, and Leaders/Leadership Teams Development (Senior Management).