Employee Attrition

3308 WordsFeb 24, 201214 Pages
EMPLOYEE ATTRITION ‘An Analysis of Factors Influencing Attrition in the growing Economies’ INTRODUCTION In the recent decades the Indian industry has changed its outlook. The employment scene has changed its appearance. The factors like skill sets, job satisfaction drive the employment and not just the money. The employer hence faces the heat of continuous employee turnover. Continuous efforts are made by organisations to control the employee turnover rate as it directly affects the performance of the organisation as many key people leave the organisations for various reasons at crucial points. This turnover is normally known as ATTRITION. Defining attrition: A reduction in the number of employees through retirement,…show more content…
This also leads to point number 6 5. External equity is missing too. Don't do an annual compensation survey when the market moves every 3-4 months. If your practitioners feel that externally comparable professionals are being valued more, then they will leave. 6. No communication around total value. If you offer benefits apart from only monetary terms do you communicate that to employees too. Things like being a global or niche industry leader, value of the brand of the organization, should also be made explicit. 7. No career planning. Are people aware of the ways in which they can grow in the organization? Who are the role models within the organization? Do they know what they have to do to gain the competencies to move to various levels? (update: Can you be radical enough and create an internal The decision to choose this project was taken by us for the following reasons: 1. The project was inherently complex and involved imparting objectivity to factors that are inherently subjective in nature. Also the complexity of the project ensures for us a thorough and in-depth understanding of the concepts and fundamentals of marketing research which is the most important aim of this basic course on Research Methodology. 2. The study pertained to the industry and we could easily identify with one of our own breed. Also since we all have experience this

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