“Dimensional Analysis of Attrition”-A Critical Study on select Indian IT Companies”

Abstract

Globally competitive organizations will depend on the uniqueness of their human resources and the systems for managing human resources effectively to become successful. Retention is a management process in the globalized business context that has been well understood, tried and tested by successful organizations across the world. The issue of employee attrition/ turnover has been found to be making huge economic impact on the successful running and profitability of organizations located in India. The present study aimed at addressing high employee attrition level in the above sector by identifying the critical factors which causes high attrition. The data has been collected through a structured questionnaire survey. Through this study the researcher identified five factors and analyzed those with various demographic dimensions by using the statistical tools. It is observed that the factors are strongly correlated with each other and have significance impact on attrition on the lower level of employees in It Industry.