Attrition: The possible scenarios and solutions

Pages: 381-383
Parvesh Sood (Guru Dronacharya College of Education, Bhuna, Fatehabad, Haryana)

Attrition in business means the reduction in employees and workforce through means such as retirement or resignation. Companies spend a lot of money and efforts in hiring and retaining the talent for some specialized roles, but the talent loss deeply affects the company’s performance and its goodwill in the industry. Employers keep on devising the employee retention policies time to time, but this problem is still prevalent in lot of industries specially in service sector. In the present research paper, the first part discusses on the reason and types of Attrition. The second part of the paper talks about the attrition rate for IT Sector of India. In the last part, the author has suggested some thoughts on how this problem can be tackled.