ABSTRACT
What are the main resources to run an organization? The answer is easy and quite obvious, organization’s employees. Money is not the only thing required to run an organization. So an employee leaving the organization makes some sort of imbalance likes pelting a stone in a static pond. Now in this pandemic situation, the major thrust area is employee turnover, but steadily another factor that also creates issues within the organization is effective retention of the skilled and knowledgeable employees. It became the major challenge an organization is facing postpandemic and there is a need to restructure their different policies in the new normal. As predicted by ASSOCHAM in a webinar that the biggest difficulty an organization faced is to retain their skilled employees. In this regard, one needs to focus on the new factors of employee retention, though classically, the major factors of retention remain the same but in new normal different new factors must influence employee retention. As well as one also needs to consider the job market of India. In some sectors, as predicted by different governance and monitoring bodies, the requirement of skilled employees became a major concern for the organization. So a sector-wise, analysis also needs to be 134considered, in which sector attrition hit the most. Postpandemic situations not only changed the dynamics of our lives but also modified the dynamics of different organizations. The present chapter endeavors to understand the effective strategies of retaining an employee after the pandemic and what are its main challenges in doing so; it also focuses on the role of HR managers to restructure the policies for retention of employees.
