News-n-Views

Tuesday, September 2, 2008

Why Attrition is higher? Steps to reduce Attrition

Attrition is higher coz salary is dynamic…

There is more demand and less supply so people are getting what they want. One sure way to prevent this is to provide excellent working condition and make the organization a people centric place.

PDC-Product Development Companies (Most of the IT people in IT services would like to move PDC as the kind of work would be challenging & exciting) some companies & their domain are exciting.

Quality of the work Some companies are offering its employees the high end quality work.

Most employees don’t leave but quit because they did not like their job, they quit because they did not like their boss.

Guys following are the steps to reduce Attrition:

1) Focus on Exit-interviews

Employers should not ask, "why are you leaving?", rather they should ask, "when you start searching for a job?

Getting an insight and inside scoop can really help. It gives information about internal problems, employee's perceptions of the organization, underlying workplace issues and colleagues.

2) Let employees know that their opinions are valuable. Ask them to open up. Listen to employees ideas; never ridicule them.

3) Compliment and Thank you employees for their valuable contribution. Recognize and celebrate their success.

4) Setting up a feedback mechanisms to maintain consistency in performance and high motivation levels. Offer performance feedback and praise good efforts and results. Criticize but Praise publicly.

5) Give them job security.

6) Providing opportunities of learning by constantly upgrading the skills of employees.

7) Paying attention to employees personal needs and participation.

8) Gauging the needs of the employees through open communication and polls.

9) Communicate goals, roles and responsibilities so that people know what is expected from them and feel a part of crowd.

10) Keep employees inform about the happening in the company so that they will be confident about the future or not to look for better opinion.

11) Encourage humor & laughter in workplace to deal with stress which will ensure that the employees are happy which gets reflected in their services especially critical in voice based transaction.

12) Feeling valued by their managers or superior in the workplace is a key to high employee motivation and morale.

13) Not hiring employees who have a history of jumping from one job to other. Recognizing the contributions of achievers would also inspire others to try hard and put in their best.

14) Group cohesiveness also helps in copping with the attrition. Built teams and generate competition between them.

15) The attrition battle could be won by focusing on retention, making work a fun place, ongoing learning and treating applicants and employees in the same way as subordinate.

16) Infusing creativity in the ‘routine’ job and communicate the firm’s larger objectives and goals to each employee to achieve that objective.

17) It has been observed that attrition rate was lower when employees perceived their workplace as a ‘fun environment’ and viewed their jobs as enjoyable.

18) Monotony and stress have contributed to increased attrition rate. So keep changing the duties or position of employees after fixes period.

19) Induction program and Exit interview are very important.

20) Identify the key employees of the firm or categorize the employee according to need of the firm. It will help you to customize your retention program.

21) Your staff members must feel rewarded, recognizes and appreciated. Monetary rewards, bonuses and gifts make the thank you even more appreciated. Understandable raises tied to accomplishments and achievements help to retain staff. Offer an attractive, competitive, benefits package.

22) Select the right people in the first place through behaviour-based testing and competency screening.

23) Demonstrate respect for employees at all times. Treat the employees well & provide a dignity of job.

24) If a key employee resigns, it should be taken up on a priority basis and kept confidential as far as possible and the senior management should meet the employee to discuss his reason for leaving and evaluate if his issues bear merit and whether they can be resolved.

25) People want to enjoy their work. Make work fun. Engage, employ the specials talents of each individual.

So if we want to try to reduce attrition we can take the points mention above for the same and can do best from our end to reduce attrition rate in IT-Sector. Do We...????

Saturday, August 30, 2008

Attrition Rate : A serious term in IT sector

Guys, as all you know the impact of IT sector on our life as well as in the business industry. Here I am going to focus on some serious issue i.e. "Attrition Rate" that everyone can thing over it. First we look out at the definition of Attrition and Attrition Rate.

Attrition is a reduction in the number of employees through retirement, resignation or death and Attrition Rate is the rate of shrinkage in size or number.

In the best of worlds, employees would love their jobs, like their coworkers, work hard for their employers, get paid well for their work, have ample chances for the advancement, and the flexible schedules so they could attend to personal or family needs as and when necessary.

Why 'Attrition Rate' is more in IT-Sector & what are the step taken to reduce it?

But then there’s the real world. And in the real world, employeesa, do leave, either because they want more money, hate their co workers, want a change or because their spouse gets a dream job in another state. So,what does all the turnover cost? And what employees are likely to have the highest turnover? Who is likely to stay the longest?

Information Technology as an industry is very dynamic, lots of staunch competitors in the same field. IT as an industry is segmented into Global Consulting or Product Development companies. With the increased offshore projects hitting, a lot of technological companies re trying to acquire as many projects as possible. Lots of Projects coming to INDIA, due to cheap labour and professional excellence proved. If you compare the increasing demand for the IT professionals and the jobs that need to be offshore in India, there is a huge dissonance in the demand and the supply. Naturally, acquirrng talents become difficult in such a situation. Since the inflow of fresh talent is relatively less, the same professionals in the market keep moving from one companies to another.

Lot of things attract such individuals as well as there are reason for attrition as follows:

Salary hike
Promotion
Less onsite opportunities or may be onsite opportunities
Brand
Job Satisfaction
Facilities
Working Environment
Work Pressure

Work culture and management-IT industry is known for its high pressure work atmosphere and long working hrs, which create high levels of stresss, employee and high attritions rates.

Transformation in lifestyles, identity and family.

Lack of good leaders who can motivate and guide their team well-IT managers lack both the time and tools needed for assessing their team members and taking corrective action to improve their performance which is directly related to job satisfaction.

Increasing percentage of women employees-Most women leave their job either after marriage or because of long working hours, work stress and other social pressures.

If all you might remember the suicide case of one of the ITian at Pune, what you thing? Is it any reason responsible to suicide incidence.

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02. Beware of MOUSE (MOUSE ARM !!!)
03. Surface Computer : Microsoft
04. The Road is Never Long Between Friends !!!
05. Principle of Life !!! By Stephen Covey
06. FLY PEN TOP COMPUTER by LEAP FROG
07. The KPO Industry : New Horizen (Part-I)
08. The KPO Industry : KPO & BPO (Part-II)
09. The KPO Industry : Why GLOBAL concentrated to INDIA? (Part-III)
10. What next ? After the Death of One Love Bird.....
11. Amazing Photos From the Russian Website....
12. The Heaven on the Land....
13. Gorgeous photos of the Nature !!!
14. Awesome Pictures !!!
15. Magical Moving Images
16. 3 Words !!!
17. INDIA : The DARK Side !!!
18. Lightning burst captured in photo !!!
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20. Safe in Daddy's Arms !!!
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25. Play like a TOY !!!
26. Singapore Threatened by Poision Spider
27. Innocent Kids : Feel Your Childhood !!!
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39. My dear Sweethearts, What is Love?
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123. Only One Eye : It's mother's love to all you guys!

Monday, August 11, 2008

Only One Eye : It's mother's love to all you guys!

Guys, how many of you, loves your mother truly?

Yeah, I am asking a stupid question to all you. But it is naked truth that many of us loves her when the time comes. We showed her our real love when we are in trouble or humbly want to take over (her husband's) the property which is not being used by her or it makes nuisance value to her. If it is not true, then you have a right to have a severe hard knocks for me on this issue.

I raised this point here because, yesterday at the bus stop I saw a good looking guy (married) slaps a lady having the age of 52 years and strange thing is that his wife supported him to make more scene in front of the people. I also slapped him to prevent further happenings. Finally, issue moved towards public court and he makes himself escape from the situation.

Same day night I was surfing on the YouTube.com for finding out good clips to be a part of my other article. And I found following clip. It may violet your emotions. So, I request you all please, do not take it wholeheartedly. I know all we are well matured and better know what is the good and bad things of life. Before moving this clip just take a look on following story. It is not possible for me to forget yesterday's bus stop scene. I called my mom and told her yesterday's incident.

Following story never concerned with yesterday's incident but good to sense the mother's love. So get it before time slipped out.

The story begins :

My mom had only one eye.

I hated her.... she was such an embarrassment. She cooked for the students and teachers to support the family.

There was this one day during elementary school where my mom came to say hello to me. I was so embarrassed. How could she do this to me? I ignored her, threw her a hateful look and ran out....

The next day at the school one of my classmates said, "EEEE, your mom only has one eye!".

I wanted to forget myself. I also wanted my mom to just disappear. So I confronted her that day and said, "if you're only gonna make me a laughing stock, why don't you just die?!!!"

My mom did not respond.....

I didn't even stop to think for a second about what I had said, because I was full of anger. I was oblivious to her feelings. I wanted out of that house, and have nothing to do with her.

So I studied real hard, got a chance to go to Singapore to study.

Then I got married. I bought a house of my own. I had kids of my own. I was happy with my life, my kids and the comforts.

Then one day my mother came to visit me. She hadn't seen me in a years and she didn't even meet her grandchildren. When she stood by the door, my children laughed at her, and I yelled at her for coming over uninvited. I just screamed at her, "How dare you come to my house and scare my children!"

GET OUT OF HERE! NOW!!!

And to this, my mother quietly answered, "Oh, I'm so sorry. I may have gotten the wrong address," and she disappeared out of sight.

One day, a letter regarding a school reunion came to my house in Singapore. So I lied to my wife that I was going on a business trip. After the reunion, I went to the old shack just out of curiosity. My neighbors said that she died. I did not shed a single tear for her. They handed me a letter that she had wanted me to have.

"My dearest son, I think of you all the time.....

I'm sorry that I came to Singapore and scared your children....

I was so glad when I heard you were coming for the reunion. But I may not be able to even get out of bed to see you....

I'm sorry that I was a constant embarrassment to you when you where growing up.....

You see....

when you were very little, you got into an accident, and lost your eye.....

As a mother, I couldn't stand watching you having to grow up with one eye.....

So, I GAVE YOU MINE...

I was so proud of my son who was seeing a whole new world for me, in my place, with that eye....

With MY LOVE to YOU,

Your Mother!

Story ends here.....

Is it the Mother Power?

Guys, there is no any second definition of MOTHER in this universe. So love her till you breath last.

Tuesday, August 5, 2008

Article Removed from the Blog

Guys, finally I have removed the article ICICI BANK : Duplicate Site. But still I am not positive about your discussion on this issue. I have already sent a mail and detailed description to ICICI Bank with other two links (what you guys are posted as a comments) and result is expecting in coming days.

I read out all your remarks and comments at rambhai but no one opened up with final result. All you did just negative comments concerning to this issue. OK. I agree with you that it never been happened in past couple of years. But I might think that it has been possible (if you agree with "nothing is impossible") as the hackers are growing with high technology and tricks & techniques.

I would like to clear one thing here, I have not done it purposefully for the sake of blog popularity or anything else and never imagine that the explosion of this issue. Because I have seen all the up and downs regarding the page rank of my all blogs. So it is not important for me to get traffic from you guys.

Anyways, I appreciate all your negative comments (which I considered as an improvement points) and too much learnings from you buddies.

I would like to have rambhayaas remarks on this issue if he don't mind.

Thursday, July 31, 2008

Cryo-Cell : A Family Cord Blood Bank

I don't know that how many people are well known that umbilical cord stem cells can treat 70 diseases, including leukemia, anemia, lymphoma, diabetes and cerebral palsy. But one thing is clear that the value of Cord Blood plays a vital role in one's life. It is the practice that Cord Blood can be collected to bank or donated after the baby is born.

As on date, there are about 30,000 people in the US that are subject to a medical analysis that cord blood stem cells are used to treat with a above disease. The American Academy of Pediatricians notes that "if cord clamping is done too soon after birth, the infant may be impoverished of a placental blood transfusion, resulting in lower blood volume and increased risk for anemia". Now a days it has been proved that cord blood must be collected to bank or donated after the baby is born.

As a part of cord blood banks, one name always flashes over on the map of the world that is Cryo-Cell. It is one of the world’s biggest cord blood banks with over 150,000 clients. Up to the year 2015, more than 10,000 cord blood transplants can be done yearly at all over the world. Cryo-Cell, the Cord Blood Bank helped out over 155,000 families to conserve their newborn infant's umbilical cord blood to use it against diseases. The Cryo-Cell Cord Blood bank is opening up the many ways in their systematic investigation to establish the facts, to find out solutions at a greater extent to uphold stem cells in a unquestioned direction.

So, buddies here I requested all you if you are soon-to-be parent or waiting for a good news of your newborn, then you must deliberate banking the cord blood. It will bring through your family endures you would wish to.