- Trending Categories
Data Structure
Networking
RDBMS
Operating System
Java
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
What are employee retention and employee attrition?
Employee Retention
Employee retention is the ability of an organization to retain its employees. Usually, if 80% of employees stick to that organization for a given period, we can say that the particular organization has good employee retention.
It is very important for an Organization to hold the employees for a longer period of time and maintaining a good retention rate using various policies and practices. Employee retention techniques have to implemented carefully to retain their employees for a longer time. It is very true that an organization survives with a bunch of employees who work towards a defined goal for a period of time.
Employee Attrition
Employee attrition is the term used when employees leave the job. Employees may leave the job because they have found a more suitable one or not satisfied with the current organization. There can be many reasons for employee attrition like pay is not great,8 perks are not satisfactory, the infrastructure of the organization is not great or Manager is a sadist.
Employee attrition can be Organization centric also. The Organization may have just lost a project and want to reduce costs or terminate the employee because of poor performance or excessive absenteeism or violation of a workplace policy. In simple words, employee attrition is the reduction of staff. The attrition rate can be calculated by dividing the number of employees in a month, with the number of people who left in a month then multiplying it by 100.
How are they linked
Retention and Attrition are two opposite situations in any Organization. When Retention is high Attrition is low and vice versa. Any Organization should work towards decreasing Attrition, then Retention rate will increase automatically.
When attrition is more, the Management should do some research and dig out the reasons for the same and act accordingly. In many cases, employees leave an organization due to constant friction with the team lead or other team members which leads to frustration. In such cases, management should intervene and try to resolve the issues. Encouragement given to the hard-working employees will motivate others to work hard and achieve targets.
Both Employee Retention and Attrition are major deciding factors for the success and growth of the Organization. It will be difficult for an Organization to survive if the employees are not serious about their jobs and targets.
- Related Questions & Answers
- What is the employee turnover rate?
- Employee Importance in Python
- Employee Free Time in C++
- Display only the employee names with specific salaries in MongoDB documents with employee records?
- MySQL edit and update records including employee salary
- Key Employee – Definition, Rules & Warnings
- Identify the qualification and Employee relationship table in SAP system
- C program to print employee details using Structure
- Find max and second max salary for a MySQL Employee table?
- Find max and second max salary for a MySQL Employee table using subquery?
- Exposing employee master data from SAP HR system using Web Service
- Get employee name from a specific company using MySQL GROUP BY?
- Which is the most employee friendly company in India to work with?
- Can I ever become rich working in a company as an employee?
- Update salary field value with 10 percent of each employee in MongoDB