Sunday, January 1, 2017

Random Thoughts (#12). ATTRITION


ATTRITION cannot be completely avoided.  Still, all companies must try to contain it.  Because attrition costs.  

Recruitment of experienced resources is necessary as companies grow.   Infosys brought in Vishal Sikka.   RBI brought in Rajan.   When experienced resources accept a new job, they obviously would leave their current employer.    Since recruitment of experienced resources cannot be avoided,  ATTRITION also cannot be avoided.

Resources plan to quit a job for myriad reasons.  An informal EXIT interview/conversation with the leaving employees will provide invaluable information to understand the reasons.  Steps must be taken to mitigate avoidable attrition.  This is easily said than done.

Whatever be the reason, when an employee eventually decides to quit, make his exit as smooth as he was welcomed when he joined.    Such employees will always speak good about the company; an unknown evangelist for life. 

If possible, have a system to selectively keep in touch with some ex-employees in whichever manner that is practical for a company.  

By the way, never frustrate an employee who wants to quit.  Such employees will vent out their frustration among the other colleagues and friends while in office. He will speak ill even after leaving the company.  That will result in avoidable rumours and unhealthy conversation among other employees.    Management must consciously pre-empt such situations.  Because, attrition cannot be completely avoided.

Jaikishan.  (1st Jan 2017)


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