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Attrition leads to Employee Turnover Costs- A Study of Indian Software Industry

Year 2011
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.
Description 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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Referenceses
  • ”How do we calculate turnover costs?” March 2004; Society for Human Resources Management
  • ”Turnover Rate- SHRM Human Capital Measure of the Month”, November 2005; Society for Human Resources Management
  • ”First Year Turnover Rate- SHRM Metric of the Month”, October 2006; Society for Human Resource Management