EMPLOYEE ATTRITION MANAGEMENT IN SOFTWARE COMPANIES  A CONCEPTUAL STUDY

Dr. H. Nanjegowda; Mr. Manjunatha.V

Volume : VI, Issue : I, January - 2016

EMPLOYEE ATTRITION MANAGEMENT IN SOFTWARE COMPANIES A CONCEPTUAL STUDY

Dr. H. Nanjegowda, Mr. Manjunatha. V

Abstract :

Employees in an organization form the most valuable asset of the organization. The quality and quantity are added to an organization depending up on its employees. Hence, it is crucial to preserve a promising workforce permanently by the organization. But, over the years the task of preserving the employees became tough for the employers and this lead to the increasing rate of attrition in the organizations. The concept of employee attrition has gained significant attraction among the software companies, in the recent years. This has thus become a serious factor which greatly bothers the human resource management of the company and affects the whole company as such. The employee attrition is a common problem and the attrition syndrome is most commonly observed in the software firms, which not only obstruct productivity but also leads to loss of goodwill and heavy long run costs for the organization.