It is a known fact that the growth of an organization is dependent on the sustainability of employee-employer relationship. But in the recent times, it is not so. The employer, on the one hand, is suffering from the problem of attrition, and on the other hand, employees are in search of better career avenues. Hence, there is a need to establish a strong relationship between them. Lack of stability in their relationship will hinder their career prospects. To overcome this problem, the concept of ‘mentoring’ can be used, which will help to establish a strong relationship. This article looks into ways in which this objective can be achieved by focusing on the importance of sustainable relationship for both the employees and the employer.

It is quite evident that a stable employeeemployer relationship will foster better development prospects for both the employee and the employer. In the olden days, employees were very much focused on their career and stayed with an organization for a longer time. Likewise, the employers were focused on facilitating the process of career development of the employees and offered better benefits in terms of monetary and non-monetary incentives.

Keeping aside the satisfaction levels of both the employees and the employers, the point to be considered is the stability fostered between them. It is this stability among them that ensured success in achieving their objectives. But now the scenario is entirely different. The process of liberalization, privatization and globalization has entirely changed the global economic scenario. This change has made a greater impact on the employee-employer relationship. Especially, the relationship has become more short-term, which is not beneficial for both.

According to 14th Annual Global CEO Survey, PricewaterhouseCoopers found that the third most challenging aspect faced by the business organizations across the globe was retaining the employees, especially resourceful employees. It is a fact even happening in the Indian employment market; irrespective of the economic conditions of the country, both companies and employees are severely affected by the increasing attrition levels. Hence, there is a need to consider looking for better strategies that will increase the sustainability of the relationship between the employers and the employees. Let us make an attempt to understand how to establish strong relationships by identifying the pros and cons of employee and the employer.

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