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Labour shortage turns factory owners benevolent
15 Feb '10
1 min read
The looming shortage of workers after the Tet festival is turning many an apparel factory owner benevolent. These companies are showering additional bonuses and gifts on their workers to ensure that they return back to work.
It has been a trend of the last few years, where workers who receive traditional bonuses at the beginning of the Tet festival do not return back to work to the same place but look for alternative employment which provides them with better remuneration.
In this season, factory owners are giving additional bonus to workers who are not returning to their home-towns for the festival and also paying bonuses to those who return to work on the first day after the holiday period ends.
In the past few years, the attrition rate has been as high as 10 percent for a few companies and 5 percent for many after the festival holidays and in order to ensure continuity of production, these garment factory owners are resorting to these ideas.
Considering the low wages paid to workers in the cities, these workers now prefer to work near their home-towns since the industrial expansion has now reached the door-steps of these workers towns.
It has been a trend of the last few years, where workers who receive traditional bonuses at the beginning of the Tet festival do not return back to work to the same place but look for alternative employment which provides them with better remuneration.
In this season, factory owners are giving additional bonus to workers who are not returning to their home-towns for the festival and also paying bonuses to those who return to work on the first day after the holiday period ends.
In the past few years, the attrition rate has been as high as 10 percent for a few companies and 5 percent for many after the festival holidays and in order to ensure continuity of production, these garment factory owners are resorting to these ideas.
Considering the low wages paid to workers in the cities, these workers now prefer to work near their home-towns since the industrial expansion has now reached the door-steps of these workers towns.
Fibre2fashion News Desk - India
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