attrition analysis
- 2. CONSTRUCT: TO STUDY / ANALYSE THE MAIN REASONS FOR EMPLOYEE TURNOVER DEPENDENT INDEPENDENT VARIABLE: VARIABLE: EXTERNAL AND EMPLOYEE INTERNAL FACTORS TURNOVER
- 3. BATA INDIA Bata India Limited is engaged in the business of manufacturing, designing and retailing of footwear and accessories through its retail and non- retailing network. The Company operates in two segments: Footwear & Accessories
- 5. Attrition is the reduction in the number of employees through resignation, retirement and death.
- 7. WHY ATTRITION HAPPENS????? EXTERNAL FACTORS INTERNAL FACTORS •EMPLOYEE’S SKILLS •RECOGNITION •EMPLOYEE’S BEHAVIOR •TRAINING & •JOB FIT DEVELOPMENT •COMMUNICATION •COMPENSATION EMPLOYEE TURNOVER
- 8. METHODS OF DATA COLLECTION
- 9. ANALYSIS ON THE BASIS OF TARGETTED=2 5 ANALYSED=10
- 11. PRIMARY REASONS • HIGHER COMPENSATION/SALARY ASPIRATION • BETTER BENEFITS PACKAGE • BETTER CAREER OPPORTUNITY • UNSUPPORTIVE SUPERIORS • NO RECOGNITION • OTHER REASONS
- 16. NEW COMPANY PROVIDED THAT BIL DOESN'T
- 21. ANALYSIS ON THE BASIS OF EXIT INTERVIEW FORMS
- 23. REASONS FOR LEAVING BIL
- 28. COMPARISON TELEPHONIC INTERVIEW EXIT FORMS HIGH MONETARY BETTER CARRER INCENTIVE IS THE OPPORTUNITY IS THE PRIMARY REASON FOR PRIMARY REASON FOR LEAVING. LEAVING. DISSATISFACTION SATISFATION REGARDING REGARDING TRAINING. TRAINING RELATED TO JOB BUT LACK IN TRAINING RELATED TO MANAGERIAL CAPABILITY.
- 29. • BIL should provide enough career opportunities to its employees • Training for their growth should be imparted • Fair compensation should be provided • Job rotation should take place to avoid monotony
- 30. The FITO ( Fun in the organisation ) concept should also be introduced to motivate the employees.
- 31. CONCLUSION Therefore, on the basis of observations it is recommended to follow the tools like providing monetary benefits, better internal growth opportunities, proper training etc. Also FITO (Fun in the Organization) Concept should also be followed to create good working environment. Therefore above are the potential tools which will help to reduce turnover and increase employee satisfaction and commitment. In turn, an effective reduction in turnover has clear economic and organizational benefits that can more than pay back the investment made in an exit survey system.