1. Attrition

2. What is Attrition?
A process where by employees leave
their jobs for reasons such as
retirement, resignation, transfer etc .

3. Cost Involved in Attrition
 Cost Due to Person Leaving
 Recruitment Costs
 Training Costs
 Lost Productivity Costs
 New Hire Costs
 Lost Sales Cost

4. Why People Leave?
 Monetary Factors
 Lack of Good Working Condition
 No Flexible Work Schedules
 Lack of Respect and Pride
 Very few Supportive Colleagues
 Lack of Appreciation
 Lack of Challenges in Job
 Mismatch between Job and Person
 Lack of Coaching and Feedback
 Work Life Imbalance

5. Curbing High Attrition Rate
 Top Management should continuously communicate with all
employees about the vision and mission of the company.
 Line Managers should establish a connection between the lower
level and top management.
 Support HR initiatives aimed at retaining people.
 Manage Company’s growth Properly

6. Continued..
 Train Leaders in the skills they need to manage
effectively.
 Treat Employees Like customers.
 Develop Leaders at all Levels.