Centres Of Excellence

To focus on new and emerging areas of research and education, Centres of Excellence have been established within the Institute. These ‘virtual' centres draw on resources from its stakeholders, and interact with them to enhance core competencies

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उत्कृष्टता केंद्र

अनुसंधान और शिक्षा के नए और उभरते क्षेत्रों पर ध्यान केंद्रित करने के लिए, संस्थान के भीतर उत्कृष्टता केंद्र स्थापित किए गए हैं। ये 'वर्चुअल' केंद्र अपने हितधारकों से संसाधनों पर आकर्षित होते हैं, और कोर दक्षताओं को बढ़ाने के लिए उनके साथ बातचीत करते हैं

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Faculty

Faculty members at IIMB generate knowledge through cutting-edge research in all functional areas of management that would benefit public and private sector companies, and government and society in general.

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संकाय

भाप्रसंबें के संकाय सदस्य प्रबंध के सभी कार्यात्मक क्षेत्रों में अद्यतन शोध के माध्यम से ज्ञान उत्पन्न करते हैं जिससे सामान्यतः सार्वजनिक एवं निजी क्षेत्र कंपनियों और सरकार एवं समाज को लाभ प्राप्त होगा ।

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IIMB Management Review

Journal of Indian Institute of Management Bangalore

आईआईएमबी मैनेजमेंट रिव्यू

भारतीय प्रबंध संस्थान बेंगलूर की पत्रिकाएँ

IIM Bangalore offers Degree-Granting Programmes, a Diploma Programme, Certificate Programmes and Executive Education Programmes and specialised courses in areas such as entrepreneurship and public policy.

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भाप्रसं बेंगलूर दीर्घावधि कार्यक्रम, उद्यमवृत्ति एवं सार्वजनिक नीति जैसे क्षेत्रों में दीर्घावधि कार्यक्रम, कार्यपालक शिक्षा कार्यक्रम एवं विशिष्ट पाठ्यक्रम प्रस्तुत करता है ।

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About IIMB

The Indian Institute of Management Bangalore (IIMB) believes in building leaders through holistic, transformative and innovative education

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भाप्रसंबें के विषय में

भारतीय प्रबंध संस्थान बेंगलूर (भाप्रसंबें) समग्र, रूपांतकारी एवं नवीन शिक्षा के माध्यम से नेताओं का निर्माण करने में विश्वास करता है ।

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Talent Acquisition and Retention in Social Enterprises: Innovations in HR Strategies

Abhishek Bhati, Mathew J Manimala
2011
Working Paper No
328
Body

Over the years there has been a phenomenal growth in the number of social enterprises in India. This is partly a consequence of a new policy of the government to gradually withdraw from social development activities. The gap thus created is being filled by social enterprises. A social enterprise can be a 'for-profit' or 'not- for-profit' venture engaged in income-generating activities with an agenda of bringing about a positive change in the society. While social enterprises are engaged in the development of people, it is rather paradoxical that they experience a variety of problems with respect to the management of human resources within their enterprises. It is common knowledge that social enterprises perennially struggle with various critical human resource issues such as getting employees at low rates of compensation,  providing growth opportunities for employees within the  organization, retaining talent especially in the middle management, providing clearly defined roles and tasks to employees,  etc, leading to high attrition and increasing the cost of acquiring and training new employees. It thus, becomes critical for social enterprises to think out-of-the-box and try a variety of innovative strategies to overcome these problems.  This paper discusses a few such innovative HR strategies adopted by social enterprises to attract and retain talent, such as offering jobs to people with vision and value congruence, enhancing the credibility of the organisation through brand building, providing opportunities for personal growth, creating a sense of ownership among employees through participation in decision making, creating sense of ownership among employees by giving equity shares, creating entrepreneurial opportunities within the organisation, finding employees from among beneficiaries, attracting employees to serene lifestyle in peaceful and scenic location and providing attractive fringe benefits to employees. Collectively these strategies seem to suggest that social enterprises adopt a 'partnership paradigm' for managing their employees.

Key words
Talent Acquisition and Retention

Talent Acquisition and Retention in Social Enterprises: Innovations in HR Strategies

Author(s) Name: Abhishek Bhati, Mathew J Manimala, 2011
Working Paper No : 328
Abstract:

Over the years there has been a phenomenal growth in the number of social enterprises in India. This is partly a consequence of a new policy of the government to gradually withdraw from social development activities. The gap thus created is being filled by social enterprises. A social enterprise can be a 'for-profit' or 'not- for-profit' venture engaged in income-generating activities with an agenda of bringing about a positive change in the society. While social enterprises are engaged in the development of people, it is rather paradoxical that they experience a variety of problems with respect to the management of human resources within their enterprises. It is common knowledge that social enterprises perennially struggle with various critical human resource issues such as getting employees at low rates of compensation,  providing growth opportunities for employees within the  organization, retaining talent especially in the middle management, providing clearly defined roles and tasks to employees,  etc, leading to high attrition and increasing the cost of acquiring and training new employees. It thus, becomes critical for social enterprises to think out-of-the-box and try a variety of innovative strategies to overcome these problems.  This paper discusses a few such innovative HR strategies adopted by social enterprises to attract and retain talent, such as offering jobs to people with vision and value congruence, enhancing the credibility of the organisation through brand building, providing opportunities for personal growth, creating a sense of ownership among employees through participation in decision making, creating sense of ownership among employees by giving equity shares, creating entrepreneurial opportunities within the organisation, finding employees from among beneficiaries, attracting employees to serene lifestyle in peaceful and scenic location and providing attractive fringe benefits to employees. Collectively these strategies seem to suggest that social enterprises adopt a 'partnership paradigm' for managing their employees.

Keywords: Talent Acquisition and Retention