This presentation entitled towards delivering information regarding the various sources & impact of attrition in BPO sector also provided with suggestions
5. “Employees are the asset of an organization.”
In Human Resource Management , employee attrition is a
situation which employers face when an employee abandons
his position, leaves the position & join another company. The
BPO companies in India are facing the challenge to lower
attrition rates which are increasing at alarming proportions
bleeding out value both in terms of time & money.
7. To know about employee attrition , types &
causes in BPO sector.
Compare attrition rate of BPO sector with
another industrial sector.
Finding positive and negative impact of attrition
in BPO sector.
Strategies to reduce attrition rate & retain
employees in BPO sector.
9. Type of Research - Problem oriented research
Type of Research Design – Diagnostic Research Design
Data Collection Method – External Secondary sources
( case studies , websites ,articles)
Samples used -
a. Primary Sample : BPO Sector - WIPRO Ltd .
(Haryana Branch)
a. Secondary Sample : FMCG Sector - Nestle India Ltd.
( Delhi Branch )
11. Why Employees leave BPO sector ?
According to Maslow’s Hierarchy of Needs Theory :
• Psychological Need – Lowest salary is the prime reason.
•Safety Need - Less job security is the prime reason.
•Social Need - No work life balance is the prime reason.
•Self Esteem Need - Low social status is the prime reason.
•Self Actualization Need – No provision for career
development programmes is the prime reason .
12. What make employees stay ?
( For example: In FMCG sector )
According to Herzberg’s Two Factor Theory :
Hygiene Factors - Good organizational relationship
satisfy majority of employees .
Motivators - Career growth satisfy majority of
employees .
14. Hiring Costs are the highest
Separation costs are the
lowest
Direct
Cost
Low Morale among
employees is the highest
Overtimeof other
employees is the lowest
Indirect
Cost
16. 71%
29% Negative
Impact
Positive
Impact
The BPO industry gets
negatively impacted more
with high rate of employee
attrition . Thus it’s a curse ,
threatening the survival of
the organization .
18. Flexible Work Schedules
Provide Employee Counselling
Better appreciation , rewards & recognition
Good superior –subordinate relationship
Providing training and career development opportunities
Increase in recreation and entertainment facilities
Perform succession planning
Offer a wealth of benefits & regular raises
20. As the opportunities are wide for the employees of BPO
sector, the attrition rate is very high .
So , it is in the hands of the organization to safeguard the
valuable employees , for which the management has to
ensure that the employees are satisfied with their
responsibilities and the job is offering them motivation to
continue with the company.