Attritions in organisations usually refer to the reduction of staff by voluntary or involuntary methods and are done through natural means. The natural means are of different kinds; to name a few voluntary or involuntary retirement decisions, through resignation, termination of contract and when a company decides to make a position redundant.
On a general level attrition of any kind is often viewed as a healthy development for any business but when you have a high staff turnover or an early attrition then it is an indication for concern which needs to be addressed immediately. If left unchecked it will most likely end up being costly for organisations as they invest a lot in recruiting and training employees and having individuals stay on only for a short period of time means that you are not getting back a return on your investment.
Therefore we @SourcingAdda decided to address this new development to get a better understanding through our discussions as per the topic, Ways of controlling the controllable employee attrition in any department suggested by one of our Mumbai group members Ritu. And shared below is what we uncovered
If you have been searching for effective ways to combat high employee attrition then you first need to address the various causes of high or early attrition and some insights shared like diversity, equity and inclusion hiring (D, E & I), Employee Value Propositions (EVP), micro managers, work pressure, no growth prospects, no hikes, layoff threats, no learning opportunities and organisation culture fit are some of the reasons for high attrition rates. If these causes are addressed immediately it can help in the retention of Talent especially with the exceptional and top performers within the organisation. Additionally, another challenge recruiters face is maintaining and managing referral data in a referral program which gives you great insights in to effectively running referral programs be it internal or external there is always a way to do things better which is why learning is never ending so if you share the same thoughts then here’s something that you can do for yourself i.e. you can
- Follow us @Sourcingadda to gain real time updates to our upcoming activities and events
- a) Leave your views or requests to join these groups in our comments section below
OR
b) DM us to@Sourcingadda with your name, WhatsApp. Contact no. and location
And one of our representatives will get back to you as soon as possible; else you can get yourself Registered.
