The document discusses employee attrition, or turnover, as a global challenge. It notes that attrition occurs when employees leave an organization through resignation, retirement, or death. Some of the key reasons employees leave include lack of flexibility, respect, appreciation, challenges, coaching/feedback and trust in leadership. This turnover negatively impacts organizations through loss of productivity, costs to replace employees, and lower morale. Effective employee retention strategies are important and should focus on compensation, work environment, growth opportunities, relationships, and support.

1. ATTRITION:
A GLOBAL
CHALLENGE
KRUPALI SHAH

2. ATTRITION
OUR ASSEST WALK OUT OF THE DOOR EACH
EVENING.WE HAVE TO MAKE SURE THAT
THEY COME BACK THE NEXT MORNING
- NARAYAN A MURTHY
CHIEF MENTOR OF INFOSYS

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

5.  Monetary factors
 Lack of good working condition-
 No Flexible work schedules.
Reasons why an employee leaves an
organization

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

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

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

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

10. EFFECT ON ORGANIZATION
IF ITS EMPLOYEE LEAVE
 Loss of productivity
 Replacing qualified employees
 Poor retention creates a “revolving door”
culture within the organization lowering
morale and confidence.
 Cost of overtime or temporary help
 Recruiting costs
 Interviewing costs
 Time spent in orientation

11. RETENTION

12. What is Employee Retention?
 Employee retention is a process in which
the employees are encouraged to remain
with the organization for the maximum
period of time or until the completion of
the project. Employee retention is
beneficial for the organization as well as
the employee.

13. Importance of Employee retention.
 The cost of turnover
 Loss of company Knowledge
 Interruption of customer Service
 Turnover leads to more turnover
 Goodwill of the company
 Regaining efficiency

14. Key Areas in Employee Retention
Compensation Environment Growth
Relationship
Support