PROJECT REPORT ON “EMPLOYEE ATTRITION Management Decision Problem To decrease the rate of attrition and retain employees in the organization Research Problem To understand the factors central to high rate of attrition in the organization Objectives 1 To understand the factors which are central to employee attrition 1 To suggest certain activities that might undertake in order to decrease attrition rate and retain employees. 1.4 Research Methodology  Scope of the Study- Employees of  Area- Faridabad.  Time- 2nd April – 2nd June 2005  Research Design – Exploratory and Descriptive Research  Sources of Data Primary- Employee Survey through structured questionnaire and unstructured Interviews Secondary- Resigned Employee Data and other relevant data provided by company  Sampling Technique – Random Sampling  Sample Size – 38 2  Statistical technique – Chi-square test INTRODUCTION Business leaders everywhere face numerous challenges.

At the forefront of those challenges is sustaining competitive advantage in today’s aggressive business environment. Both corporate customers and individual consumers, with more providers to choose from than ever before, often perceive that what they are purchasing is, for all practical purposes, a commodity that can easily be obtained elsewhere. Key to distinguish in a highly commoditized and competitive market lies within the top performers—those an organization can depend on to innovate and provide differentiating service. In other words, human assets are the key in an organization’s efforts to survive and thrive.

Many organizations are struggling to find and keep these valued employees. Changing work force demographics, such as the shrinking of the most desirable labor pool (25- to 34-year-olds), and downsizing’s negative impact on employee loyalty, have organizations searching for answers to recruiting and retaining the strategic asset of the 21st century: talented people. Arkaos Media Master Keygen No Virus on this page. Windows Live Mail Portugues Para Xp. Relevance of the study Many researches have been done in the past to understand the critical factors responsible for employee attrition.. Thus, this research has been conducted to know the reasons behind employee attrition in L&T. Apart from this the research would also help identify the problems that the employees of L&T (ENC) are facing and what are their demands and expectations from the organization. 3 LITERATURE REVIEW ATTRITION Attrition rate is defined as the number of employees who leave a company during a specified time period divided by the average total number of employees over that same time period. It’s expensive, non-productive and frustrating.