article is an attempt to deal with the increasing Attrition Rate in IT
sector & how to cope with the situation . It is basically to highlight some points to the Freshers as well as the experienced who are continuing or are interested to make career in IT sector . Before dealing with in details one should know what is Attrition
Attrition: A reduction in the number of employees through retirement, resignation or death.
Attrition rate: The rate of shrinkage in size or number.
Introduction: In the best of worlds, employees would love their jobs, like their coworkers, work hard for their employers, get paid well for their work, have ample chances for the advancement, and the flexible schedules so they could attend to personal or family needs as and when necessary.
But then there's the real world. And in the real world, employees ,do leave, either because they want more money, hate their co workers, want
a change or because their spouse gets a dream job in another state.So,what does all the turnover cost? And what employees are likely to ha':e the highest turnover? Who is likely to' stay the longest?
Information Technology as an industry is very dynamic, lots of staunch competitors in the same field. IT as an industry is segmented into Global Consulting or Product Development companies. With the increased offshore projects hitting, a lot of technological companies are trying to acquire as many projects as possible. Lots of Projects coming to INDIA, due to cheap labour and professional excellence proved.
If you ~om pare the increasing demand for the IT professionals and the jobs that need to be offshore in India, there is a huge dissonance in the demand and the supply.Naturally,acquiring talents become difficult in such a situation. Since the inflow of fresh talent is relatively less, the same professionals in the market keep moving from one companies to another. Lot of things attract such
individuals as well as there are reason for attrition as follows:
Salary hike Promotion
Less onsite opportunities Brand
Job satisfaction Facilities
Working Environment Work Pressure.
Work culture and management-IT industry is known for its high pressure work atmosphere and long working hI'S, which create high levels of stresses,employee and high attrition rates.
Transformation in
lifestyles, identity and family
Lack of good leaders who can motivate and guide their team well-IT managers lack both the time and tools needed for assessing their team members and taking corrective action to improve their performance which is directly related to job satisfaction.
Increasing percentage of women employees-Most women leave their job either after marriage or because.of long working hours, work stress and other social pressures.
Attrition is higher because salary is dynamic ...
There is more demand and less supply so people are getting what they want. One sure way to prevent this is to provide excellent working condition and make the organization a people centric place.
PDC-ProductDevelopment Companies(Most of the IT people in IT services would like to move PDC as the kind of work would be challenging & exciting)
Some companies & their domain are exciting.
Quality of the work Some companies are offering its employees the high end quality work.
Mostemployeesdon11eave but quit because they did not like their job, they quit because they did not like their boss ..
Steps to Reduce Attrition:
Focus on Exit-interviews
T
sector & how to cope with the situation . It is basically to highlight some points to the Freshers as well as the experienced who are continuing or are interested to make career in IT sector . Before dealing with in details one should know what is Attrition
Attrition: A reduction in the number of employees through retirement, resignation or death.
Attrition rate: The rate of shrinkage in size or number.
Introduction: In the best of worlds, employees would love their jobs, like their coworkers, work hard for their employers, get paid well for their work, have ample chances for the advancement, and the flexible schedules so they could attend to personal or family needs as and when necessary.
But then there's the real world. And in the real world, employees ,do leave, either because they want more money, hate their co workers, want
a change or because their spouse gets a dream job in another state.So,what does all the turnover cost? And what employees are likely to ha':e the highest turnover? Who is likely to' stay the longest?
Information Technology as an industry is very dynamic, lots of staunch competitors in the same field. IT as an industry is segmented into Global Consulting or Product Development companies. With the increased offshore projects hitting, a lot of technological companies are trying to acquire as many projects as possible. Lots of Projects coming to INDIA, due to cheap labour and professional excellence proved.
If you ~om pare the increasing demand for the IT professionals and the jobs that need to be offshore in India, there is a huge dissonance in the demand and the supply.Naturally,acquiring talents become difficult in such a situation. Since the inflow of fresh talent is relatively less, the same professionals in the market keep moving from one companies to another. Lot of things attract such
individuals as well as there are reason for attrition as follows:
Salary hike Promotion
Less onsite opportunities Brand
Job satisfaction Facilities
Working Environment Work Pressure.
Work culture and management-IT industry is known for its high pressure work atmosphere and long working hI'S, which create high levels of stresses,employee and high attrition rates.
Transformation in
lifestyles, identity and family
Lack of good leaders who can motivate and guide their team well-IT managers lack both the time and tools needed for assessing their team members and taking corrective action to improve their performance which is directly related to job satisfaction.
Increasing percentage of women employees-Most women leave their job either after marriage or because.of long working hours, work stress and other social pressures.
Attrition is higher because salary is dynamic ...
There is more demand and less supply so people are getting what they want. One sure way to prevent this is to provide excellent working condition and make the organization a people centric place.
PDC-ProductDevelopment Companies(Most of the IT people in IT services would like to move PDC as the kind of work would be challenging & exciting)
Some companies & their domain are exciting.
Quality of the work Some companies are offering its employees the high end quality work.
Mostemployeesdon11eave but quit because they did not like their job, they quit because they did not like their boss ..
Steps to Reduce Attrition:
Focus on Exit-interviews
T
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