Literature Review On Employee Attrition
2. Literature Review
2.1 Attrition meaning
Employee attrition is a situation faced by an organization or employer when the employees leave the organization. People tend to switch the jobs to other organization where they are satisfied with the job or greater facility in the office. Generally employee attrition will be very high when there is a pressing need of employees in a particular industry due to mass retirements or expansion of organization. There will be high attrition rate when there are more employment opportunities in the market. At one point of time software industry has faced high attrition rate by employers due to large openings globally in the software industry due to the demand for software products by all industries.
Now-a-days employee attrition is one of the major issues faced by an HR manager. Employees are expecting multiple comfort level in the organization where they are working which includes employer 's goodwill in the market, remuneration, future growth, working condition, co-workers, current role 's scope in the market & most important future stability with the organization. In a survey, approximate 70% of the working employees in India are not satisfied due to one of the aspect which is not fulfilled by the organization which results in higher attrition rate.
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2.2 Attrition in India
According to a Hay Group study, in India one in four employees in the organized sector is tending to switch jobs which
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