How to Stop Employee Turnover in India

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High attrition is posing a huge problem for Indian companies. It is not only time consuming to hire new recruits every quarter, it also directly influences the bottom line figures. To compete successfully in a complex and hostile market, organizations need to learn to retain their top talents. And here's a guide to engage them effectively and convince them that this is the best place to work at!

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How to Stop Employee Turnover in India

  1. 1. Stop EmployeeTurnover in India!
  2. 2. Indian labor markethas one of the world’shighest attrition rates!It can even reach up to50% in someindustries .
  3. 3. Attrition Rates in Major IT/Tech. Giants Even the Best are Fighting! 23% 15.8% 15.7% 13.1%Wipro Infosys HCL Tech TCS *Source: Motilal Oswal for June Quarter, 2011-2012
  4. 4. 3 What Seems to be the Problem??? KeyDrivers ofAttrition
  5. 5. 1. Because they Can!Young Indians are looking to fast-track theirlearning experiences and seniority
  6. 6. 2. Market FrenzyIndia needs an estimated 2,735 additional managers eachyear, and only 1,740 are in the pipeline. Employers arecompeting aggressively for their share!
  7. 7. 3. Bad Management53% Indian employees are dissatisfied with theirimmediate manager. *Source: Right Management, 2011
  8. 8. “Employee Engagement” is the 4Solution! Ways to Keep Your Top Talent!
  9. 9. Make the“Career Path”Clearly Visible
  10. 10. Breed a New Generation of Leaders who can Rise Above All!
  11. 11. “Invest” in Training And Development
  12. 12. Give them the“Autonomy”!

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