Attrition refers to employees leaving their jobs through retirement, resignation or transfer. When employees leave, it results in recruitment costs, training costs, lost productivity, and lost sales. Common reasons for attrition include lack of competitive pay, poor working conditions, inflexible schedules, lack of respect, few supportive colleagues, insufficient coaching or feedback, and imbalance between work and personal life. Organizations can curb high attrition by improving communication, supporting employees, managing growth properly, training leaders, and treating employees well.

1. Attrition

2. What is Attrition?
A process where by employees leave
their jobs for reasons such as
retirement, resignation, transfer etc .

3. Cost Involved in Attrition
 Cost Due to Person Leaving
 Recruitment Costs
 Training Costs
 Lost Productivity Costs
 New Hire Costs
 Lost Sales Cost

4. Why People Leave?
 Monetary Factors
 Lack of Good Working Condition
 No Flexible Work Schedules
 Lack of Respect and Pride
 Very few Supportive Colleagues
 Lack of Appreciation
 Lack of Challenges in Job
 Mismatch between Job and Person
 Lack of Coaching and Feedback
 Work Life Imbalance

5. Curbing High Attrition Rate
 Top Management should continuously communicate with all
employees about the vision and mission of the company.
 Line Managers should establish a connection between the lower
level and top management.
 Support HR initiatives aimed at retaining people.
 Manage Company’s growth Properly

6. Continued..
 Train Leaders in the skills they need to manage
effectively.
 Treat Employees Like customers.
 Develop Leaders at all Levels.