Managing Employee Attrition

By Rashmi Hegde

Employee Attrition Involves Huge Costs

Interview Cost Overworked Other Staff Low Productivity

Recruiters Time High Training Cost

Sources: money.usnews, alifeofproductivity, theguardian, CNBC and qnap

Efficient Employee Retention Strategies

Employee development programs

Work From Home Option

High Compensation as compared to industry standards

Source: Dreeshomes, siliconeer, business standard

Work From Home Option is Preferred Bangalore traffic can be avoided Higher profits due to lower employee related expenses Work life balance can be achieved

Source: Bangalorebest, businesswide, LinkedIn

Major Companies providing Work from Home

IBM Dell Microsoft HCL Technologies Accenture Yahoo Google SAP Cisco Infosys Wipro Intel HP

Consequences of Work from Home

Distractions due to difficulty in separating home from workIsolation and Loneliness, Delay in workConsequent low productivity and profits

Source: Activetrack, workfromhomewisdom, greatist

Comparison with Other Retention Strategies

Training High Compensation

Rewarding Performers

Higher Productivity But Requires High Investment, Work life Balance not ensured

Work from Home Option is Better

Work from Home

High Motivation

Low StressHigh Productivity

Work Life Balance

Any Questions?