Dear Muskan,
The rate of attrition in an organization of 5-15% seems to be a common problem for the overall corporate world. If the attrition rate rises above this range, it becomes a significant challenge for HR. If the rate of employees quitting or leaving their jobs exceeds 50%, then it becomes a serious issue. It is necessary to investigate why the attrition rate for a particular job position within the organization is high. There are several key points that may be the main reasons for the increasing attrition rate in your organization:
1. The salary/pay package is lower than that offered by competitors/other organizations for similar positions in the same location.
2. There are fewer employee benefits available in the organization.
3. Limited opportunities for career growth for employees.
4. Communication issues, such as language barriers.
5. Increased job opportunities in the market.
6. Lack of cooperation and coordination among employees in the same or different departments.
7. Autocratic or biased behavior from reporting managers/supervisors/management.
8. Inappropriate working hours.
9. Lack of implementation of effective HR policies and labor legislation within the organization.
To effectively manage employee attrition in the organization, it is essential to first identify why the attrition rate is highest within the organization. Investigate these issues and provide appropriate solutions. Once you have identified the root causes, provide training to employees after the selection process. Regular training sessions conducted by experts and collaborative employee workshops can help minimize the attrition rate over time.
Thanks & Best Regards,