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8/8/2019 Main Prsentation

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OUR ASSEST WALK OUT OF THE DOOR

EACH EVENING.WE HAVE TO MAKE

SURE THAT THEY COME BACK THE

NEXT MORNING



"A reduction in the numberof employees throughretirement, resignation ordeath"



Monetary factors

Lack of good working condition-

Increase in favoritisms



Cont«

Employee needs pride in where theywork & what they do

Lack of appreciation

Lack of challenges in job

The job or workplace wasnot as expected



Stress From Overwork andWork-Life Imbalance

Loss of Trust andConfidence in Senior Leaders

Less frequency in givingrewards.



Loss of productivity

Replacing qualified employees

Poor retention creates a ´revolving doorµculture within the organization loweringmorale and confidence.

Cost of overtime or temporary help

Recruiting costsInterviewing costs

Time spent in orientation



Employee retention is a process in whichthe employees are encouraged to remainwith the organization for the maximumperiod of time or until the completion ofthe project. Employee retention isbeneficial for the organization as well as

the employee.



The first kind is when an employee leaves within

three to six months of joining the industry. In

this case the employee, after undergoing training,

finds the job too demanding and cannot cope

with work.

The second reason is when employees, who are

basically below 25, leave to study further or pursue an alternative career of their choice. Both

these categories of employees make for one-third

of the attrition.

The ther 65 t 0 er cent lea e r alternati e



Bonds Mainly 2 Years

Empowerment through decentralization

Flexible Timings

Employee Welfare Measures

Performance Based Incentives

Continuous Feedbacks

Open Door Policy

Regular Training

Team Building Exercise



The cost of turnover

Loss of company Knowledge

Interruption of customer Service Turnover leads to more turnover

Goodwill of the company



Compensation Environment Growth

RelationshipSupport



Attrition is a serious problem that the

organizations face today. This can be reduced if

both the management and the managers realize

this. The managers should take in a lead role

here. They should be committed to tune and mould people in such a way that they best fit the

organization. In fact it becomes the duty of every individual manager to understand his

subordinates well. Managers should understand that their duty is not only restricted to bossing

over employees but in understanding employees



Managers should understand that their duty is not

only restricted to bossing over employees but in

understanding employees ,leading them, developing

them, empowering them and maintaining them. If this realization bestows on every manager , the

organization is sure to succeed. This will help in

reducing the attrition level to a certain extend.

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