A STUDY ON EMPLOYEE ATTRITION AND RETENTION IN CORPORATE SECTOR

Abstract

Attrition is a critical issue in corporate sectors these days.“Attrition is said to be the gradual reduction in the number of employees through retirement, resignation or death. It can also be said as Employee Turnover or Employee Defection”. So, the organization loses key players, knowledge and business bondings. Managers and personnel administrators are greatly interested in reducing Attrition in the organization, in such a way that it will contribute to the maximum effectiveness, growth, and progress of any sector. Retaining employees ongoing effort in any organization. One of the biggest factor is having managers in the right place who understands their responsibility to create and maintain a good working environment. Employees requires defined direction and recognition to uplift themselves and remain satisfied in their positions. Managers must recognize and understand in establishing fundamentals that demonstrates their objectives or goals to support and motivate their employees. The main objective of the study is to know why attrition occurs, to identify the factors which make employees unencouraged and a feeling of disfactory, to know the expectation and dedication level of employees towards their job and working conditions and to find the lagging of IT SECTORS at ITPL BANGALORE , KARNATAKA