COSTS AND EFFECTS OF EMPLOYEE ATTRITION

Managing human resources has been the topic of discussion for several decades. Research studies on employee behaviour have led to study the intentions of employees. This in turn has revealed that employees are the assets of any organization that walk out every evening leaving the managers in a state of guesses as to how many would return the next morning. The challenge today for managers is not just about managing people, but about finding the right person for the right job and most importantly retaining them in the organization. The causes and reasons for attrition have been studied and ample literature lists down reasons for this. This paper attempts to study the costs incurred due to employee attrition.