research-methodology-1222598776321090-8[1] - Copy.ppt

7/27/2019 research-methodology-1222598776321090-8[1] - Copy.ppt

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A Comprehensive Project to identify theMeasures toTo Reduce the Higher Attrition Rateamong COE Finance


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WHAT IS ATTRITION?

Defining attrition:"A reduction in the number ofemployees

through retirement, resignation ordeath

Defining Attrition rate:"The rate of shrinkage in size or number"
http://www.bpoindia.org/research/attrition-rate-big-challenge.shtmlhttp://www.bpoindia.org/research/attrition-rate-big-challenge.shtml


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OBJECTIVES OF THE

PROJECT

1) To fulfill the future needs and aspirations of employees in the organization.

2) To verify the satisfaction level of employee in the organization.

3) To ensure co-ordination between the employees and the organization.

4) To protect the interest of the employees in the organization.

5) To bring out proper working between employees and organization to improvethe companys image.

6) To make employees proud of their own company.

7) To take efforts and measures to improve the situation and conditions ofemployment.

8) To understand the rules and policies followed by the organization.


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SCOPE OF THE PROJECT

Normally appointment must be made in accordancewith the policy of the company.

When employing temporary as casual staff on a shortterm basis the principles of good practices outlined inthe policy should be followed.


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REVIEW OF LITERATURE

Shared services industry is being looked upon as the next big

employment generator.

The reason for the high attrition rateWork PressureFemales in the workforceTurning down challenges

Mostly fresh graduates, take it as a pass-time job


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ATTRITION RATESAttrition rates

Australia, 19%Europe, 14%

India, 10%

Global

Average, 25%

USA, 32%


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TOP FIVE I.T COMPANIES

TOP FIRING COMPANIES

I. IBM

II. Accenture

III. Wipro

IV. Intel

V. CTS

TOP SECURE COMPANIES

I. Microsoft

II. EDS

III. HP

IV. TCS

V. Google and Yahoo


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RESEARCH METHODLOGY

Primary source includesInterviews

Questionnaire

Sharepoint

Secondary source includesHR Dept.

Company record

Sample Size includes

Sample size is 600


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Types of Attrition

ATTRITION

VOLUNTARY INVOLUNTARY


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Reasons For Attrition

Personal Reasons

Financial Reasons

Other Reasons


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Reasons for Attrition

Higher

Packages, 55%

Satisfaction,

35%

Others, 10%


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FINDINGS AND CONCLUSIONS

The recruitment and selection through walk in interview only.

They try all possible ways to retain their employee but if not then

Retention polices followed provides the employee both monetary andnon monetary benefits.

Various other workshops conducted which helps the employee to bemotivated and keep working.

Other welfare program are also conducted for them.

The exit interviews were conducted as and when required bythe company.


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SUGGESTIONS ANDRECOMMENDATIONS Companies can look into various options like good rewards,

bonding programme, flexible working hours and stronger careerpath.

Management also needs to consider other aspects like securecareer, benefits, perks and communication.

Making work a fun place, having education and ongoing

learning for the workforce and treating applicants and anemployee in the same way as one treats customers.

Companies need to go in for a diverse workforce, which doesnot only mean race, gender diversity, but also include age,

experience and perspectives.


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THANK YOU ALLANY QUESTIONS PLEASE ???

research-methodology-1222598776321090-8[1] - Copy.ppt

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