ABSTRACT
Attrition is a critical issue and pretty high in the industry these days. It’s the major problem which highlights in all the organizations. Though the term ‘ATTRITION’ is common, many would be at a loss to define what actually Attrition is, “Attrition is said to be the gradual reduction in the number of employees through retirement, resignation or death. It can also be said as Employee Turnover or Employee Defection” Whenever a well-trained and well-adapted employee leaves the organization, it creates a vacuum. So, the organization loses key skills, knowledge and business relationships. Modern managers and personnel administrators are greatly interested in reducing Attrition in the organization, in such a way that it will contribute to the maximum effectiveness, growth, and progress of the organization.
NEED FOR THE STUDY
• The success of any manufacturing organization depends largely on the workers, the employees are considered as the backbone of Pondicherry Polymers Private Ltd.
• The attrition rate of the company is 11.4%. So this study focused on why the Attrition occurs and the possible ways to reduce it.
• The study was mainly undertaken to identify the level of employee’s attitude, the dissatisfaction factors they face in the organization and for what reason they prefer to change their job. Once the levels of Employee’s attitude are identified, it would be possible for the management to take necessary action to reduce attrition level. Since they are considered as backbone of the Company, their progression will lead to the success of the Company for the long run.
• This study can be helpful in knowing, why the employees prefer to change their job and which factors make employee dissatisfy.
• Since the study is critical issue, it is needed by the originations in order to asses the overall interest and the feelings of the employees towards their nature of job and organization.
• This study can be helpful to the management to improve its core weaknesses by the suggestions and recommendations prescribed in the project.
• This study can serve as a basis for measuring the organization’s overall performance in terms of employee satisfaction.
• The need of this study can be recognized when the result of the related study need suggestions and recommendations to the similar situation.
Download Full Project Report
Attrition is a critical issue and pretty high in the industry these days. It’s the major problem which highlights in all the organizations. Though the term ‘ATTRITION’ is common, many would be at a loss to define what actually Attrition is, “Attrition is said to be the gradual reduction in the number of employees through retirement, resignation or death. It can also be said as Employee Turnover or Employee Defection” Whenever a well-trained and well-adapted employee leaves the organization, it creates a vacuum. So, the organization loses key skills, knowledge and business relationships. Modern managers and personnel administrators are greatly interested in reducing Attrition in the organization, in such a way that it will contribute to the maximum effectiveness, growth, and progress of the organization.
NEED FOR THE STUDY
• The success of any manufacturing organization depends largely on the workers, the employees are considered as the backbone of Pondicherry Polymers Private Ltd.
• The attrition rate of the company is 11.4%. So this study focused on why the Attrition occurs and the possible ways to reduce it.
• The study was mainly undertaken to identify the level of employee’s attitude, the dissatisfaction factors they face in the organization and for what reason they prefer to change their job. Once the levels of Employee’s attitude are identified, it would be possible for the management to take necessary action to reduce attrition level. Since they are considered as backbone of the Company, their progression will lead to the success of the Company for the long run.
• This study can be helpful in knowing, why the employees prefer to change their job and which factors make employee dissatisfy.
• Since the study is critical issue, it is needed by the originations in order to asses the overall interest and the feelings of the employees towards their nature of job and organization.
• This study can be helpful to the management to improve its core weaknesses by the suggestions and recommendations prescribed in the project.
• This study can serve as a basis for measuring the organization’s overall performance in terms of employee satisfaction.
• The need of this study can be recognized when the result of the related study need suggestions and recommendations to the similar situation.
Download Full Project Report
0 comments:
Post a Comment