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A New Stare at Old Problem of Attrition & Retention

Author(s):

B. V. S. S. Subbarao , SRK INSTITUTE OF TECHNOLOGY; Dr. M. Veerabhadra Rao, SRK INSTITUTE OF TECHNOLOGY

Keywords:

Attrition, Retention, Organization, Employee, Recruitment

Abstract

Employee retention has become a major concern for organizations of any nature. Employee attrition is a costly dilemma for all organizations. In one of the survey it was found that 90% of those firms surveyed said it was more difficult to retain talented individuals than it was several years before. Therefore, it is imperative that organizations and managers recognize that retention must be a continuing HR emphasis and a significant responsibility for all supervisors and managers. That is the reason which calls for investigation and research in the field. This article explores the challenges of retaining employees, the reasons and prime factors for employee attrition and some retention strategies. As companies usually think that giving a hike in salary to retain employees will solve a problem but this however is no longer helpful in solving the problem. The main objective of this paper was to find the reasons of employee turnover in the professional institution and another objective of the research was to study the strategies to be employed, which should be adopted by the professional institutions to retain their employees. Through this article we wish to bring out other reasons that makes employee quit an organization and focus on the pragmatic, innovative and effective attrition management strategies in order to retain talent in the organization.

Other Details

Paper ID: IJSRDV6I60133
Published in: Volume : 6, Issue : 6
Publication Date: 01/09/2018
Page(s): 202-205

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