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Employee Attrition


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Published in: Business, Technology

Employee Attrition

  1. 1. By : Vinay
  2. 2.  A reduction in the number of employees through retirement, voluntary/Involuntary resignation or death is called Attrition”. Attrition is also called total turnover or wastage rate
  3. 3.  Good Attrition – Less Productivity Employees Leaving Bad Attrition – High Performers Leaving Market driven Attrition – Influenced by market changes Workload/ Stress Driven – Low band-width of employees Process Driven Attrition – Organizational Process
  4. 4. Better PayOver Expectation from the Work PlaceMismatch of Job Role and Skills of Employee Cont…
  5. 5. Lack of growth Opportunities Lack of appreciation Uncooperative Team Members
  6. 6. Long Work Timings Health/Age ProblemsInability to manage pressure
  7. 7.  Motherhood for Women Employees Manager Higher Studies Self Employment Varied Career Aspirations(Live their Dream)
  8. 8. 0 2 4 6 8 10 12 14 Length of Tenure
  9. 9. Large proportion of employees leave within twoyears of tenureJob Shoppers – Early stages of career. Urgency to get more in less time. Trial and Error
  10. 10.  Low productivity – Notice Period, Knowledge Transfer‣ Loss of knowledge, expertise‣ Loss of picked up business relationships.‣ Negative impact on other team members.‣ Benefit to competitor‣ Excess Work Load
  11. 11. The formula and correct logic behind calculation of ATTRITION RATE) {(no. Of attritions x 100) / (Actual Employees + New Joined)} 100 Examples: Actual Employees No. Of people left No. Of Joined Total Employees (Attritions) (Current Headcount) 150 20 25 155 So according to the formula: ((20 x 100) / (150 + 25)) / 100 Which comes to 0.1142 i.e. 11% Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175 Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
  12. 12.  Fresher’s : Percentage fresher’s leaving the organization within one year Infant Attrition : Percentage of people leaving the organization within one year Critical Resource Attrition : Key men/women leaving the company Low Performer Attrition : Those who left due to poor performance.
  13. 13.  Recruiting Costs Recruiting Time and Manpower Training and Orientation Costs Lost Productivity Costs New Hire Costs
  14. 14.  Low productive employees leave High pay scale employees leave New ideas, attitude, approach will enter Removes bottleneck in the progress of the company. Creates space for new talents Will be able to reward deserving employees