Your motive for training employee is to enhance their knowledge of the products or services that you r company offer and be able to understand work process. What can reduce Employee Attrition Rate?Īpart from recruitment process, you company must focus on how you train employee, especially newly hired. In recent events in India, Top IT companies like TCS, Wipro, Infosys have reported average of 25% + of attrition rate which is much of a concern for an organization. But remember that turnover numbers can vary substantially month to month.Īverage Attrition rate in IT industry in 2021 was 16.3% Source. Yes definitely!! you can absolutely get attrition rates of more than 100%. There are various external factors which causes turnover of employee such as accidental events like War, Natural calamities, International Trade restrictions, etc. Which ultimately increases Attrition Rate of a Company. Any reason where employee is unhappy results “Job Switching”. This can include unfriendly work environment, Unhappiness about employee benefits and Remuneration, Low Pay scale, Less career growth opportunities, Work and personal life disbalance, poor job fit ment, Poor learning opportunities, Micro managing etc. There are various factors that causes high attrition rate in an organization. Let us understand what causes HIGH Attrition Rate in a company. Any thing lower than 20% is considered to be fair rate. “High Attrition Rate” indicates that employees are switching job very quickly.Ģ0% or higher attrition rate is considered to be High Attrition rate which a bad sign for an company. “Low Attrition rate” indicates that people are staying with your organization for a longer period of time. It is rate at which how quickly employee is switching Job. Attrition rate of an organization is often referred to “Churn Rate”.
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