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ATTRITION MANAGEMENT
SYNOPSIS
Introduction
Attrition- Meaning
Causes & reasons of Attrition
Effect on Organization
Measure to overcome
Sector having highest Attrition rate
Conclusion
INTRODUCTION
ATTRITION:
‘‘Our Asset walk out of the door each evening we have to make sure that they come back next morning ’’
-Mr.Narayana Murthy
Chief Mentor
Infosys
ATTRITION
“A reduction in the number of employees through retirement,
resignation or death”
CAUSES OF ATTRITION
REASONS
Lack of Job satisfaction
Stress full work environment
Conflict with superiors
Monetary factors
Lack of appreciation
Lack of support
Work life imbalance
EFFECT ON ORGANIZATION
Loss of productivity
Replacing qualified employees
Poor retention creates a “ revolving door” culture within the organization lowering morale
Recruiting cost
Time spent on orientation
MEASURES TO OVERCOME
Growth opportunities
Deadlines with incentives
Right men for right job
Transparency in communication
Skills development
Work life balance
SECTOR HAVING HIGHEST ATTRITION
RATE
IT SECTOR
BANKING AND FINANCIAL SECTOR
CONCLUSION
HR managers need to take some additional roles and responsibilities to understand the employees expectations, they should make deeper focus on employees aims and aspirations and need to allocate jobs on that basis
THANK YOU