Attrition is a challenge for organizations globally as it results in loss of productivity and costs associated with replacing employees. Common reasons for attrition include lack of work-life balance, poor compensation, lack of appreciation, and mismatch between job and employee skills. When employees leave, it negatively impacts organizations through loss of productivity, costs of finding and training replacements, and a revolving door culture. Employee retention aims to encourage employees to stay by focusing on compensation, work environment, growth opportunities, and support. Reducing attrition benefits organizations through maintaining goodwill, regaining efficiency, and preventing interruptions to customer service.

1. ATTRITION:ATTRITION:
A GLOBAL CHALLENGEA GLOBAL CHALLENGE
ByBy
p.SEEMAp.SEEMA
KHANKHAN

2. CONTENTSCONTENTS
 AttritionAttrition
 ReasonsReasons
 EffectsEffects
 Employee retentionEmployee retention
 Importance of employee retentionImportance of employee retention
 ConclusionConclusion

3. Attrition ??Attrition ??
""A reduction in the number ofA reduction in the number of
employees throughemployees through
retirement, resignation orretirement, resignation or
death"death"

4.  Monetary factors
 Lack of good working condition.
 No Flexible work schedules.
Reasons why an employee leaves anReasons why an employee leaves an
organizationorganization

5. Lack of respect-
 Very Few Supportive colleagues
Organization is more concern
toward business
Increase in favoritisms
CONT…CONT…

6. Cont…
Employee needs pride in where they
work & what they do
Lack of appreciation
The job or workplace was
not as expected

7. The Mismatch Between Job and
Person
Too Little Coaching and Feedback
Lack of support
Cont..Cont..

8. Stress From Overwork and
Work-Life Imbalance
 Loss of Trust and
Confidence in Senior Leaders
Less frequency in giving
rewards.
Cont…Cont…

9. EFFECt on oRGAnIZAtIon IFEFFECt on oRGAnIZAtIon IF
ItS EMPLoYEE LEAVEItS EMPLoYEE LEAVE
 Loss of productivityLoss of productivity
 Replacing qualified employeesReplacing qualified employees
 Cost of overtime or temporary helpCost of overtime or temporary help
 Interviewing costsInterviewing costs
 Time spent in orientationTime spent in orientation
 Poor retention creates a “revolving door”Poor retention creates a “revolving door”
culture within the organization loweringculture within the organization lowering
confidence.confidence.

10. WhAt IS EMPLoYEEWhAt IS EMPLoYEE
REtEntIon?REtEntIon?
 Employee retention is a process in whichEmployee retention is a process in which
the employees are encouraged to remainthe employees are encouraged to remain
with the organization for the maximumwith the organization for the maximum
period of time or until the completion ofperiod of time or until the completion of
the project. Employee retention isthe project. Employee retention is
beneficial for the organization as well asbeneficial for the organization as well as
the employeethe employee..

11. Importance of employeeImportance of employee
retentIon.retentIon.
 Goodwill of the companyGoodwill of the company
 Regaining efficiencyRegaining efficiency
 Interruption of customer ServiceInterruption of customer Service
 Turnover leads to more turnoverTurnover leads to more turnover
 The cost of turnoverThe cost of turnover

12. Key Areas in Employee RetentionKey Areas in Employee Retention
Compensation Environment Growth
Support

13. attrItIonattrItIon
““OUR ASSET WALK OUT OF THE DOOROUR ASSET WALK OUT OF THE DOOR
EACH EVENING.WE HAVE TO MAKEEACH EVENING.WE HAVE TO MAKE
SURE THAT THEY COME BACK THESURE THAT THEY COME BACK THE
NEXT MORNING “NEXT MORNING “
-- NARAYANANARAYANA
MURTHYMURTHY
CHIEF MENTOR OFCHIEF MENTOR OF

14. conclusIonconclusIon
The main aim of any organization is to
earn profit. But to attain the maximum
profit, the organization should
concentrate more on employees and the
ways to retain them for their long run.
Finally I conclude that choose the best
company where attrition rate will be
reduces day by day.

16. queries?queries?