PeopleStrong is a HR services company
specializing in Talent Attraction and Retention
Management solutions. Know
more >>
BUSINESS TODAY commands the highest circulation and readership among all business magazines in India. Know
more >>
Context/
Introduction
Today, the success of any business has significantly become people dependant and employee attrition is the biggest challenge that is impacting organizations across Indian industries.
Employee attrition is about 20-30 per cent across industries (Source – CII)
Average Attrition Rate in BPO sector is hovering around 35% in FY 2007.
Average Attrition Rate in BFSI sector rose from 32% in FY 2006 to 44% in FY 2007.
The manufacturing sector is also facing an Attrition Rate of 20%.
(Source: ASSOCHAM)
India AttritionStudyTM, an initiative by PeopleStrongTM attempts to enable organizations to better manage their employee turnover by developing predictive retention practices, employee experience scores, industry wise benchmarking and employer branding through employee affiliation.
A High Engagement score does not guarantee low attrition..!
Engagement and Attrition are not inversely proportionate any more..!
