AN EMPIRICAL STUDY ON EMPLOYEE ATTRITION IN IT INDUSTRIES- WITH SPECIFIC REFERENCE TO WIPRO TECHNOLOGIES
Keywords:
Employee attrition, IT industries, Retention strategiesAbstract
High attrition rates or employee turnover has a great impact in managing a business or an organization in a dynamic and competitive environment. Employee turnover or attrition projects a company’s inability to retain employees. New employees are to be regularly added which includes training costs, getting them adjusted to the etiquties and culture of the company etc, all create a challenge. Organizations have to retain the remaining employees and attract potential employees. The paper investigates the factors which increase the attrition rates in IT companies and suggest measures to decrease the attrition rates. The data was collected through survey method with questionnaire to the sample of 100 employees in Wipro, Hyderabad.. Reliability of questionnaire was analysed by Cronbach’s Alpha and Factor analysis was applied. The results of the study revealed that working conditions, career growth opportunities, organizational culture, work pressure and lack of mutual trust are the causes of attrition IT industry. The conclusion is that organisation should have good organisational culture with positive working conditions, low pressure and higher opportunities for career growth will have negative impact on attrition and increase employee attitude to retain in the organisation.
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