Attrition is a key challenge to managers everywhere. Attrition rates are a matter of growing concern and the challenge is to devise appropriate strategies to manage it. The effectiveness of HR programs and policies of companies usually hinge upon the attention paid to this critical issue. While addressing the factors leading to high attrition is a long-term affair, continuous monitoring of trends and patterns are to be done on a periodic basis.
In the talent management parlance, employee attrition is often caused by a negative disposition held by the employee towards the organisation, its policies and processes. The retention of a new employee is largely dependent upon these aspects. Several research studies on data collected by AssessPeople(formerly Careersindia ) from attriting employees across industries seem to indicate a significant positive relationship between the process of Onboarding, engagement and attrition. Few would argue that even a small reduction in attrition levels could significantly impact the bottom line of the organisation.