managing employee attrition
TRANSCRIPT
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?