Dear Manoj,
What is the nature of your business? How many employees do you have? Why there was decline in sales? Is the sale linked to the global economy? If your company is facing problem of employee attrition then did you study the pattern of attrition? If yes on what parameters?
There was similar query in the past on this forum. You may click the following link to refer the reply:
https://www.citehr.com/519562-employ...ml#post2211229
About your post: - Well gentleman, your post is a reflection of confused mind. Far from having transitory sentences, there is clear disconnect between two sentences. You have inserted irrelevant words in the sentences. This incoherent state of mind hardly goes well for an HR Generalist of "reputed US MNC".
Therefore, if you wish to address the challenge of employee attrition then come of confusion first.
In the business there are ups and downs. Why drop in the sales has caused the "salary dispute"? Have you put on hold the monthly salary of the employees? Why decline in sale became cause of employee attrition? Have you conducted the exit interviews? Is there any pattern in the employee exit? Because of the drop in sales, did your company fire few employees? Did these terminations trigger fear psychosis and employees started quitting on their own rather than waiting for termination?
If decline in sale is the cause of attrition then you must improve sales. Who has studied the drop in sale? What are the challenges?
There are so many questions associated with your post. Please clarify.
Thanks,
Dinesh Divekar