HOW TO MITIGATE EMPLOYEE ATTRITION

 

HOW TO MITIGATE EMPLOYEE ATTRITION

Employee attrition is due to many of reasons employees leave from the workforce of the organization. Some reasons are it might be employee retirement, might be voluntary or involuntary, might be internal reasons and demographic etc. when attrition rate is high of an organization it become a course of concern. Because it directly effects on the organizational culture as well as the organizational leaderships.

     There are 4 factors effecting's to employee attrition 

        

Are there any advantages of attrition to an organization? Attrition is always not bad to the organization. Due to following reasons it may good for business turnover.

·         Reducing poor performing employees and it helps to open door to new talents. It benefitted for organization. 

·         Attrition can be enabled organization diversity.

·         It helps to create a dynamic work force.

How to mitigate attrition

Hire the right people- This is the best way to reduce attrition rate if the HR can hire right people in right time employees are not going to leave from the work force. If define job role clearly in the beginning that candidate fit not only for the job but also the organizational culture.

Fire people if don’t fit- if employees not fit for the particular role HR should identify and fired.

Keep compensation and benefits currently- organization should offer competitive pay package compared to the other organizations.

Encourage generosity and gratitude- encourage pro-social behaviors in your employees.

Recognize and reward employees- show your employees that they are most value to the organization and appreciate them.

Make opportunities for developments and growth- conducting training programs like out bound training, personal development training, product training, manufacturing process trainings gives opportunities to growth themselves.

Conclusion

There might be pros and cons in employee attrition. As a leading organization HRM responsibility is mitigate the employee attrition low attrition rate means the organization is great place to work.

 

References

 

https://www.workhuman.com/resources/globoforce-blog/12-surefire-tips-to-reduce-employee-turnover

https://www.toolbox.com/hr/engagement-retention/articles/what-is-attrition-complete-guide/

 

1.     Academy, A. B. (Director). (2013). Episode 128: The Different Types of Employee Turnover [Motion Picture].

2.      Hackman, J. Richard; Greg R. Oldham (August 1976). "Motivation through the design of work: test of a theory". Organizational Behavior and Human Performance. 16 (2): 250–279. doi:10.1016/0030-5073(76)90016-7.