Attrition Rate Analysis
CONTEXT In the given assignment there is an organization which is facing issues like high attrition rates ,mostly due to lack of motivations and attitude of employees. INTRODUCTION
An organization is a separate legal entity comprising of multiple people, who come together to achieve a common goal.
To achieve that goal there is need of a proper structure and management which brings everyone in an organization on common platform.
If in an organization people are not brought onto common platform ,it may result in many issues or problems like low productivity ,lack of coordination ,communication problems etc.
Definition
An organization structure is define as how activities such as task allocation ,coordination and supervision …show more content…
Analysis
Attrition rate Attrition rate refer to gradual reduction of size of the size of the workforce by not replacing personnel lost through retirement or resignation.
Following formulae is used to calculate attrition rate, = No. of employee’s left the company during the year Avg. no. of employee’s employed during the year
Higher ratio will refer to poor retention of employees or simply workforce is not happy with polices of company .Also company incurs huge loss of expenses as recruitment of new employee is long and costly process.
Causes of higher attrition rate
1. Lack of acknowledgement
Employee need to feel appreciated by management ,if they are not realized it results in negative outcomes , as employee feel alone or simply purpose to work is lost.
2. Autocratic management
It is a dictorial attitude displayed by managers ,so employee will work under pressure ,
Which results in depression ,burnout and resignation.
3. Working conditions
If In an organization if there is no proper infrastructure ,food ,or other hygiene conditions are not good, it may results in high attrition rate as employee are unhappy with working
An organization is a separate legal entity comprising of multiple people, who come together to achieve a common goal.
To achieve that goal there is need of a proper structure and management which brings everyone in an organization on common platform.
If in an organization people are not brought onto common platform ,it may result in many issues or problems like low productivity ,lack of coordination ,communication problems etc.
Definition
An organization structure is define as how activities such as task allocation ,coordination and supervision …show more content…
Analysis
Attrition rate Attrition rate refer to gradual reduction of size of the size of the workforce by not replacing personnel lost through retirement or resignation.
Following formulae is used to calculate attrition rate, = No. of employee’s left the company during the year Avg. no. of employee’s employed during the year
Higher ratio will refer to poor retention of employees or simply workforce is not happy with polices of company .Also company incurs huge loss of expenses as recruitment of new employee is long and costly process.
Causes of higher attrition rate
1. Lack of acknowledgement
Employee need to feel appreciated by management ,if they are not realized it results in negative outcomes , as employee feel alone or simply purpose to work is lost.
2. Autocratic management
It is a dictorial attitude displayed by managers ,so employee will work under pressure ,
Which results in depression ,burnout and resignation.
3. Working conditions
If In an organization if there is no proper infrastructure ,food ,or other hygiene conditions are not good, it may results in high attrition rate as employee are unhappy with working