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