LG takes up career planning for employees

NEW DELHI: In an innovative way to beat attrition, which has hit 30 per cent across the industrial sector, LG Electronics India is taking up a 5-year programme to nurture the career of its white-collared employees.
    
The company, which, over the years has managed to keep its attrition rate at 6 per cent, kicked off the new programme for its executives this month.
    
"Traditionally, we have had low attrition rates but we are also aware of how to make our employees grow along with the company. The career planning programme is aimed toward achieving that objective," LG Electronics India HR Director Yasho V Verma said.
    
The company has made the programme mandatory for its white-collared employees that number about 1,900.
    
"In this initiative all our employees will have to undergo an assessment by experts who would help them identify their weak points," Verma said, adding during the course of the next five years they would be given thorough training in those areas.
   
He said a batch of 12 people will undergo a test for two days of identification and training process, which would be based on hierarchy.
    
"The senior employees will be assessed on the basis of their vision and leadership abilities. The young people will be assessed as per their functional capabilities," Verma added.
    
Verma said the company has been able to grow its factory workers into sectional leaders.
    
Disclosing another reason for LG keeping a low attrition rate, Verma said, "Empowerment is the key and we have been able to empower our employees even at the lowest levels."
    
The potential of an employee is best explored when he is put onto a decision-making position and it also gives them job satisfaction, he added.
    
On an average, the company makes about 300-400 new recruitments a year in various departments and would continue almost the same this year too, Verma said.