A Study on Overview of Employee Attrition Rate in India

The pressures in the free economy, breakdown of trade barriers, fierce competition and globalization are making enormous demands on today’s corporation to compete in every domain. The biggest challenge being faced by entrepreneurs, leaders and managers in these turbulent and uncertain times is to retain the talented employees and reduce attrition rate. In this era of cut throat competition, top management, HR managers are worried about employees leaving their organizations. Not only is it costly to lose trained employees but their replacements are not easy to come by, so management and HR strives hard to keep retention policies. Demand of the hour is to retain employees who urge for continuous improvement. The research paper aims at studying the overview of attrition rate in India and factors responsible for enhancing the attrition rate in Indian companies. The research is bases on secondary data collected from journals, newspaper articles and internet.

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