Top 5 ways to improve attrition in Organization

Attrition is often seen as a health check for any business. If a high number of people are leaving then something is wrong. The question is what, and what can be done to improve it.




Communication:

Communication is key to any successful business! In IT companies there is a need for everyone to understand the goals of the business.  It is important that employees feel part of the brand, and understand what the business is striving for and the part that they have to play in making it happen.

• Attrition rates are high in IT companies when employees feel disengaged, “nobody listens to me”.


• Targets need to be aligned and communicated effectively. Results need to be reported and discussed.

Promotion/Progression:

Promotion/Progression is also very important for business success.

• The project lead should encourage the team members, while reaching the goals


• Internal Job Postings - This gives employees the knowledge that if they work hard and do well they have a chance to progress.

Management Style:

This area is closely linked to communication. Does an employee feel valued? Do they want to come to work? There is an old adage: “you don’t leave the business you leave your manager”. How many times have you heard someone say “the job’s ok but the people are great”? This shows how important management style is to employees. The company should be a great place to work, with an element of fun and hard work. The management approach will go a long way to achieving these goals.

Work-Life Balance:

Work-life balance is not easy to achieve. Employees have to understand that the business must meet its customers’ demands, while the business must understand that employees have external pressures as well and do all it can to help them.

All employees are different and it would be wrong to assume we know what everyone wants or needs, so providing options is a great way of providing a suitable solution for all.

5 Ways to Prevent Employee Attrition:

Although attrition is a natural element of any business, it would be nice to keep your employees with your, especially if they are great workers, for as long as possible.



1. Recruitment. When you look for a new employee, don’t settle. If you have released a job posting, don’t fill the position until you have found someone that is perfect for the job. Avoid hiring someone “because you have to.” Make sure you hire those who are the utmost best for the position.

2. Make them feel irreplaceable. If they feel that they are worth something in the company, your employees will likely want to stay in such as flattering position. Don’t be shy with praise and let your workers know that without them the business cannot be successful. This must be given constantly in order to keep your employees happy as much as you possibly can.

3. Career advancement. Many employees will leave a company because they feel that have reached the pinnacle of what they can do for you. This should be avoided. Make sure that your employees know that there is never an end to potential advancement.

4. Be aware of the way they feel about your company. Many employees leave a company because they are not happy with either their work or the mission statement of the company. Make sure your employees are satisfied, challenged, and happy with their work and with your company in general. They should enjoy coming to work every day.

5. Be aware of any problems between employees and management. Many problems occur when an employee is dissatisfied with their immediate supervisor. You must stay aware of these relationships. Many people leave their job because of a poor relationship with their bosses.



Summary:

If you understand what motivates employees and what de-motivates them, you then know which areas to focus on to improve attrition. Many believe that pay and benefits have a significant impact on their attrition rate.