Alarming Attrition Trend in India: A Cause of Concern
Keywords:
Attrition, Retention, Talent Management, Employee Welfare, Work Culture.Abstract
Attrition refers to the reduction in number of employees of the organization due to various modes of separation; more particularly due to employees leaving the organization at their own due to various reasons in spite of the fact that management needs their services.It is reported that India could be No.1 in the world on attrition chart, one in four to switch jobs. This is a very serious matter because attrition reduces productivity and staff through a constant hammering of poor treatment or unfavourable working conditions.It can also involve reduction of employees through retirement or the elimination of a position. Attrition's most distinguishing characteristics is that when an employee leaves, no effort is made to replace him. Hence attrition is a major problem that needs to be examined and addressed before it harms the organization's bottom line and productivity. It is imperative for HR managers to know the aspects that prompt employees to quit an organization. Attempts are being made by them to adopt many retention strategies to arrest attrition. This paper describes the insights relating to attrition such as reasons for attrition, impact of attrition, suitable measures for lowering and controlling of attrition to keep business growing further more particularly in India.Downloads
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