Das ka Dum with Dr Bhaskar Das: What does a high attrition rate speak of an organisation? Or is it par for the course in the 2020s?

04 Mar,2020

Bhaskar Das

Bhaskar Das

A very general question, with no specific reference to any organisation. Without further ado, Das ka Dum with Dr Bhaskar Das. Read on…

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Q  What does a high attrition rate speak of an organisation? Or is it par for the course in the 2020s?

 

A. This question has to be deaveraged first. For example, by age group, by organisation, by sector, by level in the organisation (for instancem the senior level attrition might be lower than the entry and middle level).

 

More often than not, the attrition in an organisation is a function of a number of factors, viz requirement of  rightsizing in an organisation due to cost optimisation or post-merger of one company in another one, attrition of the concept of loyalty to an organisation, especially amongst the post 1990 born, suboptimal HR practices and leadership styles (as they say, people don’t leave their company, they leave their leaders), prospect of career progression etc. This will be the prominent new normal for 2020 as multiple VUCA would continuously disrupt business axioms. Consequently, attrition for a variety of reasons would only get intensified for current jobs and requirements for new types of jobs would emerge. The choice for employees would only to upskill oneself continuously to remain relevant.

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