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Oh!! Attrition by Nipoon Tandon, Project Analyst , Accenture Services

Oh!! Attrition

By : Nipoon Tandon, Project Analyst , Accenture Services
Industry : Human Resources (HR) Consulting Functional Area : Attrition
Keywords :

Attrition

Look

Positive

Sign

Oh

Activity:  7 comments  340 views  last activity : 07 06 2010 20:18:04 +0000
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              Attrition Attrition Attrition!!!! 

I was working in a Call Center and one day my friend asked me to join Human Resource Outsourcing (Hewitt) and that’s how the fun began.

 

I started working with my client and I was always asked to do Attrition Analysis for the fiscal year. My client was always worried with the Attrition rate and they always enter the reason for Attrition --- Compensation.

 

I always ask this question to me is Compensation the only factor responsible for Attrition?

 

Compensation being the vulnerable area for any individual but it is not the only reason for attrition.

 

What comes to my mind 15-25% of Attrition is good for any company because if people will leave the organization than company would not be able to hire the “BEST TALENT AVAILABLE” in the market.

 

Companies which are not growing 25% Attrition is good for them other wise they would not be able to create jobs.

 

Hence, organisations should look Attrition as a positive thing especially when company is not growing and should look at reasons why people have moved on and get to the right reason, other than compensation alone. This would help organizations to focus on right things and the right people.

 
 Top Comment : Sagar Nair   | 01 23 2008 21:57:21 +0000
Very Positive Indeed! and it's high time companies stopped fluctuating the Industry norms for compensation in the guise of attrition. It has no far reaching results except inculcate greed among employees. This ways the grass is always greener on the other side and employees also stop thinking about all the rest of the goodies and facilities the company provides. The best way to minimise attrition is to bring the thought of Career development in the employees mindset instead of it being just a job! The difference of course being a job is for a shorter period and a career for a longer stint. This way the company benefits from the employee and viceversa. But i think a company is growing when it needs one man to do two job and still the staff strenght is growing! Filling in people against attrition is no way out!
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7 comments on " Oh!! Attrition "
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  Commented by  Swathi Reddy, Deputy HR Manager, GMMCO Ltd-Hyderabad    | 11 03 2008 07:48:05 +0000 
I dint knew that Attrition can be looked at positively.
  Commented by  varsha mishra, Technical manger(QMS)    | 11 02 2008 07:43:51 +0000 
very nice article..
  Commented by  Anurag Mitra, Product Marketing Manager (Asia Pacific)    | 05 18 2008 10:28:05 +0000 
interesting angle...
  Commented by  Haritha Medishetty, HR Manager, Avineon    | 02 14 2008 06:43:46 +0000
Rating : +2  
Hi Nipoon...i totally  agree with your views. As a HR professional i had faced these challenges myself. Honestly most small companies are not able to give enriched jobs to their employees. Companies have to stop cribbing about attrition and work on deriving best of employees. Infact companies make nill effort to allocate innovative job to their best technical employees, this is mostly in software environment. Which is motivating factor for IT guys to look for next challenging job. Lets hope that all companies admit the importance of JOB ENRICHMENT and essentially work on it.
  Commented by  Vani Sathvik, Head/VP/GM-HR, Eka Software Solutions    | 01 29 2008 02:36:11 +0000
Rating : +2  
Hi Nipoon, your experience has been good and given you good insight into it.  Frankly, growing organisations need to balance it out well between new hirings and attrition as homegrown competency is very critical and highly valuable.  If the attrition is controlled and maintained it should not cause a concern to the company.  I fully agree that the compensation is not the only factor, but a stimulating environment wtih good work content should curtail attrition rate to some extent.  

Vani Sathivk
Vice President - HR & Admin
  Commented by  Sagar Nair, Staffing Head, Peopleplus Professional Services    | 01 23 2008 21:57:21 +0000
Rating : +1  
Very Positive Indeed! and it's high time companies stopped fluctuating the Industry norms for compensation in the guise of attrition. It has no far reaching results except inculcate greed among employees. This ways the grass is always greener on the other side and employees also stop thinking about all the rest of the goodies and facilities the company provides. The best way to minimise attrition is to bring the thought of Career development in the employees mindset instead of it being just a job! The difference of course being a job is for a shorter period and a career for a longer stint. This way the company benefits from the employee and viceversa. But i think a company is growing when it needs one man to do two job and still the staff strenght is growing! Filling in people against attrition is no way out!
  Commented by  Nipoon Tandon, Project Analyst , Accenture Services    | 01 18 2008 12:33:39 +0000 
Amazing way to look Attrition as a positive sign
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