I am doing a project on Attrition and Retention, How fare will it be to say employee satisfaction is one of the key factor in Attrition and Retention.
Pls comment on this.
Thanks,
Shaan
Message From: shirishareddy
Total Posts: 2
Join Date: 28/04/2009
Rank: Beginner
Post Date: 26/05/2010 07:44:32
Points: 10
Location: India
Hi,
Employee satisfaction plays a vital role in the Attrition and Retention of the employees in the organization.
If the employee is satisfied with the job profile and the work environment of the organization then only the management can control the Attrition rate of the employees.
To reduce the Attrition rate, the company should make the policies which gives encouragement to the employees.And also celebrating the employees birthdays,anniversary days,arranging parties to all the family members of the employees etc......
Regards, Shirisha Reddy
Message From: krramakrishnan2007
Total Posts: 2
Join Date: 28/04/2009
Rank: Beginner
Post Date: 29/05/2010 21:19:22
Points: 10
Location: India
As much as employee satisfaction is related to attrition, it is not the only reason. Many other factors like the brand of the company, the compensation also come into play.
Message From: raghurami
Total Posts: 8
Join Date: 28/04/2009
Rank: Beginner
Post Date: 31/05/2010 10:26:30
Points: 40
Location: India
Hi,
Employee job satisfaction is the key for retention. Any employee satisfy with his environment, pay, good relations with boss /colleagues, it will help in 90% of reduction in attrition.
Regards,
Raghu Rami Reddy
Message From: rupeshreddy
Total Posts: 3
Join Date: 28/04/2009
Rank: Beginner
Post Date: 16/06/2010 05:59:50
Points: 15
Location: India
I agree with Ms. Priyanka, apart from the mentioned reward and recognition plays a vital role.