Do what you have to do until you can do what you want to do -- Oprah Winfrey (America TV Personality) Attrition is a silent killer with a very adverse effect on any organization. It has the potential to bring down any corporation down on its knees in a quick time frame. All IT firms face this problem and it has existed since long time. Many firms have made innovative solutions, and yet the problem lingers. Even if you had the best of all, there is someone who is contemplating of leaving the organization. The best compensation, healthy work culture or even smashing benefits is not enough. So are you telling me to leave this problem hanging? No. Every company puts in a lot of efforts and investments in recruitment and hiring process. Yet they have not looked deep into why people leave you. There is a general perception that compensation is the main reason for attrition. When we look into the data analysis - it does not feature in the top 10 reasons at all. Then what are the reasons? Before we go there, let us look at the problem first. Organizations need to put efforts into understanding the motivations behind employee attrition. Then they need to address the causes rather than the symptoms. Else they will only have a chance for damage control. The most logical step is to know your employees well. In the current fast-paced environment, there is no time. With Agile adopted worldwide - is there time for us to pause and look at the people? Well, one of the main KPI for a people manager is to know his people, so they cannot hide behind time constraints. With many tools and methods at his disposal, one needs to figure this data fast. If you are looking for a sustainable solution. OK, enough of the Gyan - let me have the top reasons please.
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AuthorVasudevan is a Leadership Mentor and an Executive coach. I run an online website geared towards helping creative entrepreneurs and future managers to build their dreams. Archives
June 2023
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