An Analysis on Attritional Factors in the IT and ITES Organizations

Abstract

In the IT & ITES sector, human resources are crucial resources. Indian organizations are dependent on crucial resources very much. The Indian IT & ITES companies are hiring nearly 300 personnel every working day of the year. This is providing very good opportunities for everyone and is also posing challenges for the HR managers in retaining the employees. Because of the talent gap existing in the current talent pool, organizations are suffering majorly to fill the middle management positions and senior-level positions. The reason behind the supply gap is not just the employability skills but there are many reasons why employees leave the organizations. This has resulted in increased levels of poaching and attrition cases. Employee turnover is making the organizations to fail in attaining the objectives set. So, there is a need to understand the impact of attrition and additional factors. Because attrition cause a huge cost to the company. Many are having the difficulty in estimating emotional costs, loss of morale, experience, and continuity. There is a significant economic impact when an organization loses any of its critical employees for any reason. This is why the organizations need to delve deep into the reasons and factors, which may influence the employee’s decision to leave the organization. So, the present study will examine the relationship between organizational practices and their influence on the employees’ decision to leave the organization. This paper highlights those factors which have maximum impact on attrition.