Ways to Prevent Attrition

Organizations that experience attrition quickly find themselves without an effective and productive workforce, resulting in reduced profits. In the fast changing business landscape, HR role is not of policing or personnel administration, but HR is expected to play a strategic business partner role as success of companies depends on its human capital.

So what can HR professionals do to reduce attrition in their organizations?

1. Managing expectation of employees – Top Managers should step out of their comfort zone and assimilate with employees and understand their expectations. Millennials want to grow fast and it is essential that they are coached in the right way. In organizations, 80-90% people remain at staff level, 4-7% in Middle Management & 2-3% at Top Management. Thus, it is essential that companies emphasize on the inevitability of building competencies / capabilities rather than having a single minded focus on vertical growth.

2. Hiring Right Attitude – When hiring, you may not always find the skills you want in an employee, but if you screen for good attitude, you can reduce your attrition rate. Look for employees with a strong work ethic, the ability to get along with others and a willingness to learn. You can train such an employee and have a vital worker that is not only less likely to quit but less likely to cause others to quit.

3. Providing Growth – Recognize employees who contribute positively to your company by giving them increased responsibilities. This does not always have to mean a raise. Give employees more say in decisions, the work environment and ways to improve productivity and quality, and you will engage them in their work more. Such employees can develop loyalty for you and your company and greatly reduce attrition.

4. Communication – Employees need communication for numerous reasons. Communication provides employees with an idea of what’s going on with the company, future plans and what the company expects of them. Almost all successful businesses communicate effectively with employees. Managers and supervisors must talk to employees daily by acknowledging their accomplishments, helping them overcome problems and explaining what they need to work on. Without constant communication, employees are left in the dark and become increasingly interested in open positions with other companies.

 

Sources:

http://smallbusiness.chron.com/tips-prevent-attrition-organization-23517.html

http://yourbusiness.azcentral.com/tips-prevent-attrition-organization-5347.html

http://www.aspiringminds.in/external_articles/Top_10_ways_Mitigate_Attrition_in_IT_ITES_Industry.html

http://smallenterpriseindia.com/index.php?option=com_content&view=article&id=341:how-to-stop-employees-fromleaving-your-organisation&catid=61:hr&Itemid=92