Dear All Please provide me with the Latest HR Techniques to minimize the Attrition rate. Regards, Dinesh chandra sharma
From India, Gurgaon
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From India, Gurgaon
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Hi, For reducing Attrition Rate, the best technique is to use "HR Practice" in the organization. And also by improving the IR - Industrial Relations part, the Attrition Rate will surely decrease.
From India, Pune
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74From India, Pune
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There are no 'new techniques'. The basics are the same as ever.
Key Focus Areas for Reducing Attrition
Companies with low attrition focus on four things:
1. Employees feel empowered. They get to make decisions that affect their work. They have some control over their lives.
2. Employees feel that they are progressing in their careers.
3. Employees have good relationships with their workmates and management. The company can promote this through social events.
4. Employees feel that they are 'part of something bigger than themselves'. Ideally, the company should have a vision that is not just about making money for the owner. (This is why people will work for charities for years without pay)
Working on any of these things will lower attrition. Working on multiple (or all) of them will drastically improve employee retention.
From India, Mumbai
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Key Focus Areas for Reducing Attrition
Companies with low attrition focus on four things:
1. Employees feel empowered. They get to make decisions that affect their work. They have some control over their lives.
2. Employees feel that they are progressing in their careers.
3. Employees have good relationships with their workmates and management. The company can promote this through social events.
4. Employees feel that they are 'part of something bigger than themselves'. Ideally, the company should have a vision that is not just about making money for the owner. (This is why people will work for charities for years without pay)
Working on any of these things will lower attrition. Working on multiple (or all) of them will drastically improve employee retention.
From India, Mumbai
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Attrition-rate- Template.xls
Attrition Rate formula.pdf
GUIDELINES FOR HR POLICIES.doc