Business Services Industry
Retaining the right people, BUSINESS TIMES
Business Times (Malaysia), September, 2001 by Hamisah Hamid
Business Times (Malaysia) 09-20-2001 FAILURE to retain the right people in the company, especially those at middle management level, may cost employers income and productivity loss, says a human resource consultant. Hewitt Associates (M) Sdn Bhd country manager Alan Parker said companies' costs will increase when they have to go to recruitment companies to find replacement for key people.
However, he said money is not the biggest loss because when young and promising middle managers leave, companies experience disruption in production. "The biggest loss from losing middle managers is in production rather than losing money to find replacement. "This could also lead to loss of productivity as employees who work under the middle managers who had left...
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