Post on 19-Nov-2014
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• Over 40 per cent of India's workforce will quit their current jobs within the next six months - TimesJobs.Com
• Attrition rate is the biggest threat to corporate security in India because of competing interests Businessline.com
• The cost of hiring a fresh employee is 7 times more than retaining an existing employee.
•On average, attrition costs companies 18 months’ salary for each manager or professional who leave eg. Infosys –
•7,833 leaving in Q1 of 2010 (Ipsos-Reid)) •avg. Pay package of 5.7lk per annum (DQ-IDC Salary Survey) Therefore lost 446cr. in 3 months just because of attrition!
Attrition Rate (%) = (E / T) * 100 E = No. Of employees left in a monthT = Total number of employees in a month
"...For me, the time I spend with my family is paramount, money and recognition are on the backburner after a decade in the industry.."
- Rakhi Mathur, CISCO, Work ex - 11yrs.
The work I do should match my skill set and there should be scope to move to the next level..For ex. if I am an expert in SAP financial model, I should get an opportunity to learn the manufacturing model as well..."
- Amit Prakash , Wipro , Work ex - 9yrs
Bonds – Mainly 2 Years
Empowerment through decentralization
Flexible Timings
Employee Welfare Measures
Performance Based Incentives
Continuous Feedbacks
Open Door Policy Regular Training
Team Building Exercise
• Employee First Customer Second.
• Designing the work culture in such a way that the diverse backgrounds are Dealt with.
•Motivation, Recognition, Exposure
• Quarterly Feedbacks Exit Interview Feedbacks
• Proper balance between Professional and Personal relationship with the employee
• Subsidize Education and Certification
CREDITS
Project Submitted By : Abhimanyu Sahai PGP01003Arun Marik PGP01014
K Sandeep Goud PGP01019Kapil Agrawal PGP01020Ritesh Kumar PGP01032Sourabh Modi PGP01040Swati Choudhari PGP01043
Project Mentored By:Proff. Pushpendra Priyadrshi
Special Thanks TO:Our Friends from Industry
All PGP students who have experience
THANK YOU ALL