A STUDY ON CAUSES OF EMPLOYEE ATTRITION IN IT SECTOR IN INDIA AND STRATEGIES

DOI: https://doie.org/10.0923/ES.2024627811

V.Suneel Kumar , Dr.P.Raghunadha Reddy

Keywords:

Appraisal Rating, Compensation, Discriminant Analysis, Employee Attrition, Employee Turnover, Job Insecurity and Work Life Balance.

Abstract:

The rapid growth and innovation within the IT sector in India have been accompanied by an escalating challenge - the high rate of employee attrition. This study aims to delve into the underlying causes of employee attrition within the Indian IT sector and formulate effective retention strategies to address this issue. The research is conducted with a sample size of 300 respondents, selected through simple random sampling techniques, from a diverse range of selected IT companies.

The research employs discriminant analysis as a statistical tool to identify the factors contributing significantly to employee attrition. By analysing various demographic, job-related, and organizational factors, the study seeks to uncover patterns that differentiate employees who leave the organization from those who choose to stay.

The study explores diverse variables including workplace environment is not conducive limited career growth, odd working hours, stress and work life balance, lack of proper compensation, appraisal rating, unreasonable workload, job insecurity and team leader. Through comprehensive data analysis, the research aims to highlight the most critical factors driving employee attrition within the IT sector.

The results of this study are expected to shed light on the specific challenges faced by IT companies in retaining their workforce. By identifying the prominent factors leading to attrition, the study offers a roadmap for organizations to develop tailored retention strategies. These strategies are designed to address the identified challenges and enhance job satisfaction, ultimately reducing attrition rates.

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