attrition level in an organization
DESCRIPTION
The presentation is a work that highlights the workforce of an organization and issues related to them. It shows the reasons why do people leave an organization and its possible causes.TRANSCRIPT
![Page 1: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/1.jpg)
1
![Page 2: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/2.jpg)
�Over 1 billion people & the largest
democracy in the world
� Less than a third in size of US- almost four
times the population
� Largest English speaking workforce after
USA…nearly 25% with higher secondary
education
� Average age: 26 yrs(China-36 years). 67%
people are below 35 years
2
![Page 3: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/3.jpg)
� Add 2m graduates and 460000 engineers
every year…1.5x China and 2x of US
�World renowned higher education institutes ,
e.g. IITs, IIMs
�GDP growth 2x of US and UK
� 1m IT Enabled Services (ITES) jobs and the
forecast is 2m by 2008
3
![Page 4: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/4.jpg)
“India is a democracy with a young & large
English speaking middle class, with strong
technical and mathematical aptitude and
good work ethic.”
4
![Page 5: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/5.jpg)
� Attrition of HR can be defined as reduction in
the number of employees through retirement,
resignation or death
� In other words, attrition can be defined as the
number of employees leaving the organization
� "Why our attrition rate is higher than other
company?".
� The company cannot afford to lose its best
employee to competitors.
5
![Page 6: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/6.jpg)
�An ideal situation while working in a office :
� Employer's goodwill in the market
� Remuneration
� Future growth
�Working condition
� Co-workers
� Future stability with the organization
6
![Page 7: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/7.jpg)
�HR team conducts EXIT interview when an
employee left the job to get the information
about one's decision to leave an organization
� Zero Attrition
7
![Page 8: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/8.jpg)
� Causes of Attrition
� Attrition Rates
� Effects of attrition on employees and
organization at large
� Cost
8
![Page 9: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/9.jpg)
� Advantages and disadvantages of attrition
� Key to reduce attrition
� Current scenario
9
![Page 10: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/10.jpg)
� Adjustment with different cultures
� Encountering new problems
� Exposure to new challenges
�Healthy competition
� Low morale
10
![Page 11: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/11.jpg)
� Brand Image
� Customer relationship
�Disruption in work
11
![Page 12: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/12.jpg)
12
![Page 13: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/13.jpg)
13
![Page 14: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/14.jpg)
14
![Page 15: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/15.jpg)
15
![Page 16: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/16.jpg)
� Loss of knowledge capital
�Delay in execution of projects
� Loss of production
� Increasing cost of recruitment
� Burden burn-out on existing employees
� Internal knowledge is being shared outside
� Existing team may get defocused
16
![Page 17: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/17.jpg)
Attrition is a boon in
disguise…!!
17
![Page 18: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/18.jpg)
Benefits
� Removes bottle-neck
� Creates space for the entry of new talents
� Assists in evolving high performance teams
� Infuses new blood into the organization
� Enhances ability for execution
18
![Page 19: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/19.jpg)
Benefits
�New thoughts, ideas, and hence, more
innovation and creativity
� Knowledge of best practices from across the
industry is brought in
� Challenging status quo
� lower cost with fresh skills and competencies
19
![Page 20: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/20.jpg)
�Growth opportunities
�Mismatch of job profile
�Organizational culture
� People “Quit their Boss”
20
![Page 21: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/21.jpg)
� Job stress and work life imbalance
�Working hours
� Ethical issues
� Lack of recognition
21
![Page 22: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/22.jpg)
� Talent lost
� Recruitment cost
� Training cost
�Motivational cost
� Lost Productivity cost
22
![Page 23: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/23.jpg)
�Attrition =
(No. of employees who left in the year /
average employees in the year)
x 100
� Thus, if the company had 1,000 employees in
April 2004, 2,000 in March 2005, and 300 quit
in the year, then the average employee
strength is 1,500 and attrition is 100 x
(300/1500) = 20 percent
23
![Page 24: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/24.jpg)
Retention : Managing PeopleRetention : Managing People
� Employee retention is a process in which the
employees are encouraged to remain with
the organization for the maximum period of
time.
� Employee retention is beneficial for the
organization as well as the employee.
24
![Page 25: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/25.jpg)
Keys to effective retention:
Compensation:
� Salary
� Bonus
� LTA or Paid Holidays
�Health Insurance
25
![Page 26: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/26.jpg)
Recognition:
� Employee Evaluation
� “Never punish harshly for mistakes but
always reward for good work”
�Not only money but RESPECT matters
26
![Page 27: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/27.jpg)
Motivation:
� Importance
�Good work culture
� Recreation facilities
� Employee bonding
� Second Home
27
![Page 28: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/28.jpg)
Fun @ Workplace:
�Occasional Stress Relievers
� Events
� Picnics
28
![Page 29: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/29.jpg)
Growth opportunities:
� Challenging projects
� “ Be a leader and not follower ”
� Creative and Competitive work culture
� Training & Development
29
![Page 30: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/30.jpg)
Employee Empowerment:
� Responsibilities should match with authority
� Participative Decision Making
� Communication with top management
� Encouraging suggestions and employee
engagement in the organization
30
![Page 31: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/31.jpg)
Transparent Work Culture:
� Facilitates accountability, trust,
communication & responsibility
�Discourages work-politics
�Healthy work environment = Satisfied
employees = Success of Organization
�No communication errors
31
![Page 32: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/32.jpg)
Current Scenario:
�Global Meltdown
�Negative growth
�GOOD NEWS FOR THE RECRUITERS:
� “The Best Time to Recruit”
&
� “Employees dare not feel to leave the
organization”
� The attrition rates in single digit figures
32
![Page 33: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/33.jpg)
� For IT Industry which had attrition rate
between 20-40 % is now below 20%.
�HR Executives are now less concerned about
Attrition and they are planning Layoffs to
maintain profitability
�Even the IIM Graduates are Experiencing Even the IIM Graduates are Experiencing Even the IIM Graduates are Experiencing Even the IIM Graduates are Experiencing the Heatthe Heatthe Heatthe Heat
33
![Page 34: Attrition Level in an Organization](https://reader033.vdocuments.mx/reader033/viewer/2022051515/552588124a795907498b4c4f/html5/thumbnails/34.jpg)
g{tÇ~ lÉâg{tÇ~ lÉâg{tÇ~ lÉâg{tÇ~ lÉâ
34