EMPLOYEE ATTRITION AND STRATEGIES FOR RETENTION AT ONE POINT ONE SOLUTIONS LTD., BANGALORE

Abstract

The study was mainly undertaken to identify the factors causing employee attrition, the dissatisfaction areas in the organization and the reason why they are leaving the organization. Once the factors that are affecting the employee attrition are identified, it would be possible for organization to use necessary retention strategies to reduce the attrition level. Descriptive research design was used for examining an attrition rate. A questionnaire covering various aspects relating to the factors leading to high attrition, employee engagement, satisfaction, reward and recognition, retention strategies was designed using previous literature. 108 samples were collected using the convenience sampling technique. Hypothesis for the study were tested using correlation, analysis of variance method. The result shows that shift timings, salary and bonus have association in the element of employees leaving the organization. Internal job opportunities, reward and recognition are the main strategies influencing the employees to stay in the organization.