ATTRITION:

A GLOBAL
CHALLENGE

By:
Pallavi Agrawal
Poonam Dehariya
 ATTRITION
“Our assets walk out of the door
each evening. We have to make
sure that they come back the next
morning .”

- NARAYAN A MURTHY
chief mentor of Infosys
 Attrition ??

"Areduction in the number of

employees through
retirement, resignation or
death"
Reasons why an employee leaves an
organization

 Monetary factors

 Lack of good working condition-

 No Flexible work schedules.

 Cont…

Lack of respect-

 Very Few Supportive colleagues:

Organization is more concern

toward business

Increase in favoritisms
 Cont…
Employee needs pride in where they
work & what they do

Lack of appreciation

Lack of challenges in job

The job or workplace was

not as expected
 Cont..

The Mismatch Between Job and

Person

Too Little Coaching and Feedback

Lack of support
 Cont…

Stress From Overwork and

Work-Life Imbalance

 Loss of Trust and

Confidence in Senior Leaders

Less frequency in giving

rewards.
 EFFECT ON ORGANIZATION
IF ITS EMPLOYEE LEAVE
 Loss of productivity
 Replacing qualified employees
 Poor retention creates a “revolving door”
culture within the organization lowering
morale and confidence.
 Cost of overtime or temporary help
 Recruiting costs
 Interviewing costs
 Time spent in orientation
RETENTION
 What is Employee Retention?
 Employee retention is a process in which
the employees are encouraged to remain
with the organization for the maximum
period of time or until the completion of
the project. Employee retention is
beneficial for the organization as well as
the employee.
 Importance of Employee retention.

 The cost of turnover

 Loss of company Knowledge
 Interruption of customer Service
 Turnover leads to more turnover
 Goodwill of the company
 Regaining efficiency
 Retention tools for Changing times:

1. Offer Compensation – Attractive and

Competitive
2. Benefits Need To Be Quantified and
Qualitative
3. Train your front-line, managers and
administrators
4. Roles and responsibilities needs to be
dovetailed
 Retention tools for Changing times:
5. Enhancement, Advancement And Progression
Opportunities
6. Offer retention bonus
7. Retention strategies implementation needs to
have a process owner
8.Go in for Employee Engagement Practices
9. Teamwork And Cross Functional Teams  
Retention tools for Changing times:
10. Fun Is Must
11.Transparency in communication
12. Encourage higher learning
13. Develop an effective induction program
14. Value your employees
Key Areas in Employee Retention

Compensation Environment Growth

Relationship
Support
 CONCLUSION

As they say, happiness can be contagious.

So make sure the work place is a happy one, which every
employee would love to spend time.
Human resources department along with senior
management must take steps to make sure of this.
“Do Not Forget — These Are The People Who Make You Look Good!”