Employee Turnover
Why employees turnover a problem? & its relevance in today’s time…
There was a time when a person used to do work for their
whole life at a single office but time has changed. Today employees leave
organizations frequently in search of better job options.
According to me, the main reason for this employee turnover
is the increasing needs of human beings, stiff competition amongst rival firms
and most importantly urge to be at top. And this tendency is most in young or
employees having less than 10 years of working experience.
An organization spends lot of money in training its
employees over the year which gets waste once the employee quits the
organization. But can any organization stop employees in leaving the
organization? A research says that only 16% employees leaves their present
organization due to working environment, which clearly state that most of them
have their personal reasons.
So can any motivation theory motivate employees so that they
can leave this habit? Also I would like to mention Maslow’s need hierarchy
theory here. Do the needs of employees change by virtue of time? Means if they
have completed their level of need up to certain level, can the process starts
again? Can they again have physiological need of high standards which needs to
be fulfilled? We will discuss it next time.
In today’s diplomatic world, when organizations are striving
hard to recover from economic crisis, and the hiring rate is so low, can it be
considered that this attribute of leaving the organization by the choice will
get over?
It may be criticized that many of the companies proudly says
that their attrition rate is very low comparing to all other industries but
most of them are engaged in FMCG or products like beverages and cigarettes. So
it cannot be taken as consensus.
