Attrition

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This presentation tells about what strategies different IT companies are adopting to reduce the attrition rate.

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Attrition

  1. 1. COMBATING ATTRITION IN IT COMPANIES<br />MADE BY:- <br />SHRAY JALI<br />
  2. 2. WHAT IS ATTRITION?<br /><ul><li>Attrition is the reduction in the no. of employees through Retirement, Resignation or Death.</li></li></ul><li>BENEFITS<br /><ul><li> Space for entry of new talents
  3. 3. Removes bottleneck in the progress of the company
  4. 4. Evolution of high performance teams</li></li></ul><li>IMPACT ON COMPANIES<br /><ul><li>Loss of productivity
  5. 5. High cost of recruitment
  6. 6. High cost of training
  7. 7. Wastage of precious time on training & selection process
  8. 8. Affects the budget of a company
  9. 9. Loss in revenue</li></li></ul><li>ATTRITION RATES IN IT INDUSTRY<br />
  10. 10. FACTORS CONTRIBUTING TO ATTRITION<br />
  11. 11.
  12. 12. METHODS OF COMBATING ATTRITION<br />
  13. 13. RECRUITMENT STRATEGIES<br /><ul><li>INFOSYS TECHNOLOGIES LIMITED (LEARNABILITY)
  14. 14. ABILITY TO LEARN
  15. 15. ACADEMIC ACHIEVEMENT
  16. 16. CONCEPTUAL KNOWLEDGE
  17. 17. TEMPERAMENT TO FIT IN THE WORK CULTURE
  18. 18. HEWITT ASSOCIATION (BRANDING)
  19. 19. EXTERNAL BRANDING
  20. 20. INTERNAL BRANDING</li></li></ul><li>COMPENSATION & REWARDS<br /><ul><li>INFOSYS TECHNOLOGIES LIMITED
  21. 21. USE OF ESOP(TAX FREE)
  22. 22. EMPLOYEE STOCK PURCHASE PLAN(ESPP) & RESTRICTED STOCK UNITS(RSU)
  23. 23. USE OF ESOPs IN WIPRO, HCL, SATYAM, PATNI COMPUTERS, I-FLEX SOLUTIONS</li></li></ul><li>ORGANISATION CULTURE<br /><ul><li>EFFECTIVE COMMUNICATION
  24. 24. WIPRO – CHANNEL (W)
  25. 25. TREATING EMPLOYEE AS AN INTERNAL CUSTOMER
  26. 26. RECOGNITIONS
  27. 27. SATYAM – ANNUAL AWARDS
  28. 28. WIPRO – MASTERMIND, DEAR BOSS
  29. 29. ENJOYMENT @ WORKPLACE</li></li></ul><li>WORK-LIFE BALANCE<br /><ul><li>FEELING OF WELL- BEING
  30. 30. CLUB MEMBERSHIP
  31. 31. TRANSPORTATION FACILITY
  32. 32. FLEXI-TIMINGS
  33. 33. TELECOMMUNICATING
  34. 34. DAY-OFF ON EMPLOYEE’S BIRTHDAY OR ANNIVERSARY
  35. 35. EDUCATION LOANS FOR CHILDREN
  36. 36. TCS STARTED “MAITREE”</li></li></ul><li>LEARNING AND GROWTH<br /><ul><li>INFOSYS TECHNOLOGIES LIMITED
  37. 37. CII-EXIM AWARD FOR BUSINESS EXCELLENCE
  38. 38. CARING & DEVELOPMENT OF PEOPLE
  39. 39. GLOBAL FOUNDATION SCHOOL </li></ul> – EXCELLENCE IN PRACTICE AWARD<br /><ul><li>SATYAM COMPUTERS LIMITED
  40. 40. SATYAM LEARNING CENTER IN ASSOCIATION WITH </li></ul>ISB & BITS, HYDERABAD<br />
  41. 41. LEADERSHIP QUALITIES<br /><ul><li>WIPRO- WIPRO LEADERS’ QUALITY SURVEY</li></ul> LIFE CYCLE LEADERSHIP PROGRAMS<br /><ul><li> ELP
  42. 42. NLP
  43. 43. WLP
  44. 44. BLP
  45. 45. SLP
  46. 46. SATYAM- HARVARD GLOBAL LEADERSHIP
  47. 47. INFOSYS- INFOSYS LEADERSHIP INSTITUTE</li></li></ul><li>CULTURALLY DIVERSE <br />WORKFORCE<br /><ul><li>INFOSYS DEVELOPMENT CENTERS
  48. 48. CHINA
  49. 49. CZECH REPUBLIC
  50. 50. CANADA
  51. 51. SATYAM COMPUTERS LTD.</li></ul>ANNOUNCED ITS 1ST EVER RECRUITMENT PROCESS IN SINGAPORE<br />
  52. 52. OTHER RETENTION STRATEGIES <br />ADOPTED BY COMPANIES<br /><ul><li>JOB ENRICHMENT
  53. 53. EMPOWERMENT TO TAKE DECISIONS
  54. 54. M&M- JOB ROTATION & MULTI TASKING
  55. 55. FOCUS ON KRAs
  56. 56. COMPAQ- DISCLOSES THE SALARY OF THE </li></ul>EMPLOYEE ONLY AFTER HE ACCEPTS THE JOB<br /><ul><li>HUGHES- </li></ul>“CATCH EMPLOYEES DOING SOMETHING RIGHT”<br />
  57. 57. SUMMARY<br /><ul><li>EFFECTIVE RECRUITMENT STRATEGIES
  58. 58. COMPENSATION AND REWARDS
  59. 59. ORGANISATION CULTURE
  60. 60. WORK-LIFE BALANCE PROGRAM
  61. 61. NURTURING LEARNING & GROWTH
  62. 62. LEADERSHIP ROLE
  63. 63. MANAGING DIVERSE WORKFORCE</li></li></ul><li>ANY QUERIES<br />

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