Attrition: A reduction in the number of employees through
retirement, resignation or death, that is, the shrinkage in size or number is
attrition.
Attrition
is considered to be one of the biggest challenges the Indian corporate sector
is facing today. All companies are working day and night to find out a
long-term solution of this critical issue. However, very few of them are in a
position to face this challenge successfully till date.
According
to companies, it is a complex issue and has several dimensions. At the face of
it, it is a role of mismatch, i.e., fitting wrong person in the right position.
But why role mismatch? Many would argue that 'it is very difficult to
understand a complete human being within few minutes of conversation,' or 'in
the interview she/he would be found very
good, but later it seems
to be a wrong selection'.
This
internship programme has been a very good learning experience for me. It helped
me in learning how attrition prevails in the organization and the retention
strategies to be applied by the organization.
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