Employee Attrition - 3308 Words

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. Dont 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 thisShow MoreRelatedProject Report on Employee Attrition14600 Words   |  59 PagesA Research Project Report On ATTRITION MANAGEMENT Submitted in partial fulfillment for the requirement of the MBA Degree awarded by Bangalore University Submitted by Ponnappa I.S 04XQCM6064 Under the guidance of Praveen Kamat Professor M.P.Birla Institute of Management M.P.Birla Institute of Management Race course road Bangalore-1 INDIA 1 DECLARATION I hereby declare that this dissertation entitled ‘ATTRITON MANAGEMENT’ is the result of project work undertaken by me under the guidance andRead MoreThe Opportunities And Competition For Talented Students Professionals Essay1617 Words   |  7 Pagespouring into China, Russia, and India has created tremendous opportunities and competition for talented IT professionals in those countries. The downside of this increased competition directly raise the rate of attrition, particularly in India. Concept of Attrition: In various industries in various sector have only one impact, loss to the organization. Pharmaceutical, hospitality, BPO,IT,ITES,KPO, insurance, manufacturing, automobile, education industry etc. are the common industries which functionRead MoreCan a strong culture be too strong case solution1233 Words   |  5 Pages2014PGPM037 2014PGPM044 2014PGPM062 2014PGPM064 Executive summary With Parivar making a mark above second tier IT companies, Parivar has been looking to implement People Support function in an attempt to strengthen its employee caring culture, improve turnaround rate and to provide best employee practices in industry. But Operations head, Kumar has certain concerns regarding cost, scalability and management of People Support function.  Ã‚  Therefore Vice President of HR, Indira is in dilemma whether to endorseRead MoreStaffing Systems Essay1089 Words   |  5 Pagesclients and increase market share. 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This includes, stress on the job, job dissatisfaction, lack of promotion opportunities, and conflict with supervisors and administration as contributing to workplace attrition. Staff of mental health agencies is very likely to experienced burnout circumstances related to attrition. There are several ways to prevent methods of burnout in human services staff. One way to findRead MoreIndian Multinational Company: Infosys the Third Largest Indian Multi National Company1383 Words   |  6 Pagesengineers with a capital of Rs.10000, turned to be the most reputed company with 160405 employees, earning billions of income, assets and equity in the three decades of glory. Though the success continues, Infosys suffers the lack of Employee Retention and so the high employee turnover ever of 18.7%. Infosys is undoubtedly one of the most respected IT companies in India has been showing remarkable results on revenue and income every year. No Indian IT company has a better â€Å"Job security† proven than InfosysRead MoreJob Satisfaction, Organizational Commitment And Turnover Intention Of Sales Persons Of Private Sector Insurance Companies Of Coimbatore District900 Words   |  4 Pagesof private sector insurance companies of Coimbatore district. Employee percepti on about oneself and the various factors of attrition is also studied to assess what actually influence one to have turnover intention. The theoretical concepts of Employee attrition, Job satisfaction, Organizational Commitment, Perception is explained in this section. 3.B.2 EMPLOYEE ATTRITION Among all the employee related problems, employee attrition has achieved a critical significance and a cause of concern withRead MoreAttrition in Pharma Industry1411 Words   |  6 Pages Date: 21st September 2012 Insights of attrition rate of Medical representatives in Pharma companies and innovative ways to improve them. Overview: Attrition refers to the reduction in staff and employees of company by normal means. The primary focus is to present the high attrition rate seen in the pharmaceutical market industry, its causes and controlling strategy for retention of Pharma sales representatives. Though attrition is a natural phenomena in all industries, Indian  Pharma