CASE STUDY

TENDER & COMPANY MD

TASK AS PRESENTED
IT & BPO sector hit by recession. Huge operating cost & high attrition rate. Re-viewing of HR policies and re-structure in specific monetary & non monetary incentives and retain best talent.

PRIMARY PROBLEM
HIGH ATTRITION RATE/Employee dissatisfaction There is a high attrition rate due to a drastic decline in business activities and subsequent change in the incomes.

SECONDARY PROBLEM
Decline in business. Decline in the business transactions due to recession hit IT & BPO sector. Huge operating costs. Huge operating cost with inadequate profits. Increase in the competition. increase in the competition. Maximization of efficiency. efficient management of resources.

CAUSES
Increase in the value of dollar. Recession hit IT&BPO sector. Competition. Resources & sources.

SOLUTIONS(non monetary)
Maximization of efficiency. Filtering of efficient and inefficient employees(benches). Retaining talent through employee satisfaction. securing of future and there importance to the organization.

SOLUTIONS(monetary)
Cutting down on operating costs. working three days a week and other benefits allocated to the employees. substitution of talent. Training individuals to match the level of professionals.

CONCLUSIONS
This case study involves specific solutions on monetary and non-monetary incentives of the TENDER& CO, focusing on monetary and nonmonetary functions of the company by analysing the compromising position of the company due to collapse in the economy.