A STUDY ON EMPLOYEE ATTRITION ANALYSIS

Abstract

Employee attrition is a very big problem not only in India outside the world too. So the thing is company should take care of them in a friendly manner. Flexible working condition, supervisor relationship, career growth and development, management support, motivation these are all helps to reduce the attrition rate. This study examines the employee attrition which is inevitable but manageable with software employees. A Structured questionnaire was administered with a sample of 100 respondents. Simple random sampling methodology was adopted for data analysis. Data Analysis was employed for computing the efficiency scores for attrition using Advanced Excel. Statistical techniques such as factor analysis, correlation analysis, t test, chi-square and multiple regression was employeed. Correlation analysis was significant, and multiple regression was used to test the impact of the employee attrition. The findings demonstrated that there is no significance difference in the dimension of the factors as a predictor in explaining employees attrition Chi square test revealed that there is significant association in employee job seeking with that of rate of attrition. This paper attempts to provide a framework for the employee attrition which could be applied to larger concern with little arrangements. The study reveals attrition of employees in the company. Through the study it has been assessed that the employees are having safe and comfortable working environment in their company. The continued growth of the company depends uponin attrition and their valuable employees who are the pillars of the organization. The company should therefore address the gap in satisfying the employees’ need and expectations towards their job and other related aspects which help the company to retain them more effectively. The company can also go for introducing new incentives schemes, transport facility, accommodation facility and to increase the bonus amount which helps the organization to motivate their employees to work even more and this brings best result from the employees. The company can effectively retain their all valuable employees if they follow the below suggestions. Attrition is critical in the industry these days. It’s the major problem which highlights in all the organizations. “Attrition is said to be the gradual reduction in the number of employees through retirement, resignation or death. It can also be said as Employee Turnover or Employee Defection” A well-trained and well adapted employee leaves the organization, it creates a v vacuum. So, the organization loses key skills, knowledge and business relationships. Modern managers and personnel administrators are greatly interested in reducing Attrition in the organization, in such a way that it will contribute to the maximum effectiveness, growth, and progress of the organization Employees are the most valuable assets of an organization. They add value to the organization in terms of quantity and quality as well. Therefore, it is indispensable to maintain a permanent and promising workforce. Over the years it has become a tough task for employers and thereby increased attrition in the organizations. Attrition of employees in a limited measure is desirable for influx of new ideas in any type of organization. It helps organizations to maintain their agility in a fast changing environment.