| Year | 2011 50 Downloads |
| Volume/Issue/Review Month | Vol. - IV | Spl. Issue 4 | April |
| Title | Attrition leads to Employee Turnover Costs- A Study of Indian Software Industry |
| Authors | H.B.Gochhayat , N.S.Nanda |
| Broad area | Attrition leads to Employee Turnover Costs- A Study of Indian Software Industry |
| Abstract | Companies who believe in zero attrition rates only fool themselves. It is difficult to accept when organizations say they have zero attrition rates. Companies may have healthier turnover rates, however, there is no such thing as zero attrition. There are other such facts about turnover, about which most of us are not aware. Zero attrition is not desirable mainly because of two reasons. Firstly, if all employees continue to stay in the same organization, most of them will be at the top of their pay scale which will result in excessive manpower costs. Secondly, new employees bring new ideas, approaches, abilities & attitudes which can keep the organization from becoming stagnant. In this paper we are trying to study different causes of Attrition in the organizations and its impact on the turnover costs of the employee in particular to the Software Industry. We have uses some of the Employee turnover cost models for calculating the costs associated to it. |
| DOI | The attrition rate has always been a sensitive issue for all organizations. Calculating employee turnover rate is not that simple as it seems to be. No common formula can be used by all the organizations. A formula had to be devised keeping in view the na |
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