Attrition woes are not new to the industry. What makes the attrition rate soar? Is it primarily for academic reasons, personal, financial or environmental? Or, there can be various strings attached.
Survey says that attrition happens because of the uniform dissatisfaction created among employees. This dissatisfaction may fall into any of the above mentioned categories or multiple categories. Surprisingly, despite of the increase in attrition and people switching industries or jobs frequently, are still hired at good positions with greater salaries. The quality of work is degrading. Professionalism, which was noticeable a decade back, is hard to find. People seek growth (monetary) more than anything. Did you just say stability? Who cares?
There’s a sudden drift from being professional towards keeping a casual attitude. People seem to be confident enough to get a new job without many efforts. And, who gives this confidence? Of course, the management, the organizations, the booming sectors.
There’s utter dissatisfaction, especially in the private sectors, among employees because the policies that existed ten years back does not prevail. Organizational policies are becoming meeker. Companies do not value employee. Nothing’s done in benefit of employees or to retain them. With such weak organizational policies even the deserving ones suffer big time. But, who cares?
The way people know they’ll get a new job if they leave one, the same way these private companies know there are always good candidates looking out for jobs. Moreover, again at the same salary package the company offered may be one year back.
Private companies were known to take excessive work and churn out all the labor that one can put. But, what are they giving in return? You get peanuts, with some butter at the time of appraisals, which are never on time and are postponed month on month. People slog, give their best, put all the efforts and time, just to prove their mettle and are disheartened to see what they get in the love letter from their supervisor, with all the convincing words and a good, well thought of or rehearsed lecture. Very convincingly, you are asked to wait for another appraisal cycle for some miracle to happen.
However, this is not it. There’s always a question that disturbs us and that is if the company is going through a rough patch or whatever holy shit was explained as a justification, then how some of those who hardly performed, but were good in interpersonal communication skills and were seen hovering around the bosses get a good hike and a promotion. Well, yeah!!!
Organizational behavior is changing drastically. Employers are not retaining as they know they can always have better at the same cost. If attrition is increasing, what measures are being taken to minimize it? Employees are asked to fill an exit form but, does anyone goes back and takes an action to eradicate the cause. Professionalism goes missing at the top level, and the same passes on to the bottom. Unfortunately, it’s not a good practice.
When some years back, only the deserved ones were seen moving up the ladder with the prefix Sr., today people aged 25-28 are becoming Directors, AVP, VP of the companies. With lesser experience of course the quality will deteriorate. And with lesser satisfaction, people will move on. Companies, wake up!!!