Interesting topic, as they say, it is almost 100% attrition that we generally have in our country at the moment.
As far as I am concerned, even when I joined a company with the intention of never quitting it, at least for 5 years, I had to leave because of the personal tragedies that occurred in my life. It was never for the sake of money, but for more time for personal and family problems like the death of parents one by one, being a single child of the parents, and recovering debts that were due, etc.
Once I had to leave as we had a difference of opinion with our immediate boss, who was from a premier B-school. I should also say I was not alone - 4 of us left within a period of 5 months, and now two more will be leaving this month. Is there something wrong with the place? There should be, right?
This can be avoided to an extent, I believe, if companies reveal their expectations to the employees.
One of my colleagues, a B-school topper with a very positive work culture, had to leave within a month as the employer offered her a finance and admin position, but it turned out to be a hardcore selling assignment when she had joined. Who can be held responsible?
Long back, when a senior executive of Wipro Consumer Care and Lighting came to us (he was a professional with impeccable records and graduated from SP Jain Mumbai), I posed a question as to how he is balancing between his personal and official demands. His answer was, of course, a lot of credit goes to my wife, who resigned for the sake of our family, despite being my classmate in SP Jain, that she doesn't complain about silly issues!
Secondly, there is nothing called personal or official issues - you need to prioritize and attend to them both and converge them as a single entity.
From personal experience, I think he is right. How do you explain to an employee to continue in a pressing schedule when his house is literally burning with issues like terminal illness to his/her dear ones, crunching financial issues, etc.?
Also, on the other hand, how can you expect the person to be a great family man when his work has crushing issues like a quality inspection or so?
Perhaps it was not a very serious issue in earlier generations where neither we had many night duties normally nor customer care or delight concepts or even a globalized 'small' world or the internet or even a laptop!