![]() ![]() Reports have suggested that the Great Resignation occurred owing to career progression, change career role or industry, unhappy with salary, unhappy with strategy or direction of company.įactors contributing to higher attrition in India Notably, the survey had also suggested that the percentage of employees planning to quit their current jobs was the maximum in India, followed by Indonesia, Philippines and Malaysia. "With the clear majority saying a significant talent migration event is upon us in the next few months, we must be ready for it to increase," the report stated. This survey also suggested that in India, an estimated amount of 60% employees were ready to take up lower salary to achieve a better work-life balance. The recruitment agency Michael Page predicted that India is likely to witness an 86% employee attrition for 2022. It's usually expressed as a percentage and used as one of the main figures HR tracks to understand how things are going at a company.Įven as increased employee attrition refuses to die down, the world economy has begun to slow since Russia invaded Ukraine earlier this year. Essentially, the attrition rate measures how many people leave, voluntarily or involuntarily. What is the attrition rate? The attrition rate is the pace at which people leave a company. ![]() The survey also revealed that trend is expected to continue for the next half of the year. It does not store any personal data.The attrition rate in India across industries in 2022 was only marginally lower than the one faced in 2021, thereby indicating a massive pressure on companies for retaining employees. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Negative attrition implies a larger, more serious problem within an organization. However, when top-performing employees who are responsible for driving sales and increasing revenue become demotivated and start looking for the exit, it is known as negative attrition. ![]() Positive attrition occurs when low-performing workers leave voluntarily or are fired. There are two sides to staff turnover: positive and negative. What are the Costs of Employee Attrition and High Attrition rates?Įmployee attrition affects both high and low performers alike. With high volumes of customers to deal with in a limited amount of time, contact centers can indeed be challenging environments, and it takes employees with the right set of core competencies to fit the role and be truly successful. As a result, they do not calculate the attrition rate, due to the mistaken assumption high staff turnover is inevitable in these settings. For large enterprises like contact centers, employee attrition is often viewed as an unavoidable cost of doing business. What is attrition? Attrition is a reduction of staff for voluntary or involuntarily reasons. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |