Beside Innovative HR practices and many policies for employees the Attrition Bug has spread its wings all over the IT industry. Companies are continuously seeing the rise in number of outgoing employees than the incoming. There is a dearth of skilled workers in the industry. Employees today are just looking for a better remuneration, work satisfaction, good brand name and employee satisfaction policies etc.
Big companies are facing this as a perennial problem today where demand for high salary is more prevalent in IT companies.
Rise in attrition rate may lead to many problems in a company be it for a HR of company or work structure of company. At an immediate end it raises the cost of recruitment and training the new employee. Along with various losses like rise in no. of errors, client satisfaction goes down with error rise, speed of work gets slow and all this result in loss of client trust which is the main fact for a company to achieve success.
What everyone works for is success & profit. And companies can’t afford loosing their clients just at the cost of high attrition rate in company. The question then arises is why is there rise in attrition rate?
Through a survey report the immediate reason for an employ leaving a job is his/her immediate supervisor/manager, the discomfort in atmosphere and finally the rise in salary which every deserving would expect to rise as a part of the encouragement and performance.
Apart from this there are many who would just like to change their job due to the immense measure of dirty office politics growing around. Many don’t want to be involved in this dirt and just enjoy work then why are they being pushed into this trauma of politics just because they are the part of the company.
Companies today are pressurizing their employees to work on Saturdays and complete the targets as some of their colleagues have resigned and the targets for them have risen high. This is the real truth of IT industry. An employee should understand the work constraints but does a company have rights to overload someone with work?
The ultimate result will be new attrition. Is the company prepared for this too?
A company should think about its employees their dedication in work and encourage them by rewarding them and appreciating them for a good performance.
It’s tough for Indian IT companies to meet the new employee demands and also the salary level of multinational counterparts. Indian IT industry requires a change where an open suggestion and feedback should be there rather than the age old hierarchal process which dumps the matters and facts at the place creating grudges between colleagues.
Lest it’s really very easy to find the causes and facts of attrition but we need to find solution to the rising attrition rate which is affecting the Indian IT industry at a very large scale.
One should think of employee’s interest and facilities which creates a comfortable zone for a person to work. The one elusive luxury that every employee tries to find in life is a Work-Life balance. And if he/ she achieve that then the attrition rate would go down to nearly half right at this moment…
Big companies are facing this as a perennial problem today where demand for high salary is more prevalent in IT companies.
Rise in attrition rate may lead to many problems in a company be it for a HR of company or work structure of company. At an immediate end it raises the cost of recruitment and training the new employee. Along with various losses like rise in no. of errors, client satisfaction goes down with error rise, speed of work gets slow and all this result in loss of client trust which is the main fact for a company to achieve success.
What everyone works for is success & profit. And companies can’t afford loosing their clients just at the cost of high attrition rate in company. The question then arises is why is there rise in attrition rate?
Through a survey report the immediate reason for an employ leaving a job is his/her immediate supervisor/manager, the discomfort in atmosphere and finally the rise in salary which every deserving would expect to rise as a part of the encouragement and performance.
Apart from this there are many who would just like to change their job due to the immense measure of dirty office politics growing around. Many don’t want to be involved in this dirt and just enjoy work then why are they being pushed into this trauma of politics just because they are the part of the company.
Companies today are pressurizing their employees to work on Saturdays and complete the targets as some of their colleagues have resigned and the targets for them have risen high. This is the real truth of IT industry. An employee should understand the work constraints but does a company have rights to overload someone with work?
The ultimate result will be new attrition. Is the company prepared for this too?
A company should think about its employees their dedication in work and encourage them by rewarding them and appreciating them for a good performance.
It’s tough for Indian IT companies to meet the new employee demands and also the salary level of multinational counterparts. Indian IT industry requires a change where an open suggestion and feedback should be there rather than the age old hierarchal process which dumps the matters and facts at the place creating grudges between colleagues.
Lest it’s really very easy to find the causes and facts of attrition but we need to find solution to the rising attrition rate which is affecting the Indian IT industry at a very large scale.
One should think of employee’s interest and facilities which creates a comfortable zone for a person to work. The one elusive luxury that every employee tries to find in life is a Work-Life balance. And if he/ she achieve that then the attrition rate would go down to nearly half right at this moment…
2 comments:
Good going dear keep writing...
When poaching will stop..
attrition too :)
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