How IT companies can curb Employee Attrition Rate
Now days with the huge demand of Software Professionals around the world and with the company willing to pay high salary package software professional tend to switch companies. But companies can reduce the employee attrition rates by taking few steps.
Picnic / Outings
Too much work and stress takes a toll on the body and smaller chunk of employee leave because of health issues, too much stress, family pressure. Regular picnics and outing for Lunch/Dinner makes him/her body relax and feels comfortable. Make the employee feel that i am working from home and not from office.
Performance Review
Regular take performance review either 3 Months/6 Months to inform the employee about his/her performance and also inform him/her about the improving areas. If you are performing well it gives the employee a sense of confidence and might perform well to improve more. By performing well he/she might get Appraisal as per the expectation.
Incentives for Extra Work Time
All the IT companies work on so crunch time that there is limited scope for the companies and the employee to save time. But this takes toll on the employee mental stamina and so if the company can come up by curbing late working of the employee during less work pressure and at the time of pressure delivery of the product give them the confidence that working late will help them by giving incentives.
Good Appraisal
This forms the backbone of any employee working in the organization. If the employee is not satisfied with appraisal it creates a element of uncertainty in the mind and he will try to search for new job which can satisfy the monetary issue.
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