Our comprehensive case study has shed light on the multitude of factors that contribute to HR attrition in our organization. We have found a strong correlations between factors such as environment satisfaction rating, work-life balance rating, job satisfaction rating, monthly income, percentage increase in income, years with current manager, years at the company, travel in job, gender age, department, job role, and marital status of each gender and attrition rates.
The below points talks about some of the issues which could be addressed to demonstrate commitment to our employees that can help us attract and retain top talent, which will ultimately have a positive impact on the success and growth of our company such as :
Employee Morale : Can impact an individual's levels of productivity and engagement.
Requisition and Layoffs : By retaining employees, a company can reduce these costs of recruitment and training expenses and maintain a more stable workforce.
Company Culture: Healthy and enhanced culture helps to build a reputation as a desirable employer and contribute to long-term growth and success.
To effectively address these issues, we recommend implementing a range of improvements to enhance employee retention such as :
Provide flexible work arrangements: Offer options such as telecommuting, flexible scheduling, and remote work to support work-life balance.
Conduct regular surveys to assess employee satisfaction.
To ensure that employee salaries are competitive and aligned with industry standards, competitive compensation packages can be offered
Provide opportunities for career advancement and development through employee training.
Foster a workplace culture that celebrates diversity and inclusion.
In summary, it is crucial that we continue to monitor and address these issues over time, using data-driven insights to evaluate the effectiveness of our initiatives and make necessary adjustments. By prioritizing employee retention, we can cultivate a more engaged, motivated, and productive workforce that contributes to the long-term success and sustainability of our organization.