22-10-2012, 05:03 PM
A STUDY ON EMPLOYEE ATTRITION IN TVS
A STUDY ON EMPLOYEE ATTRITION IN TVS.pdf (Size: 301.92 KB / Downloads: 163)
ABSTRACT
Attrition is a critical issue and pretty high in the industry these days. It is the major
problem which highlights in all the organizations. Attrition is said to be the gradual reduction in
the number of employees through retirement, resignation or death. It can also be said as
Employee Turnover or Employee Defection. Whenever a well-trained or well-adapted employee
leaves the organization, it creates a vacuum. So, the organization loses key skills, knowledge and
business relationships. Modern managers and personnel administrators are greatly interested in
reducing Attrition in their organization, in such a way that it will contribute to the maximum
effectiveness, growth, and progress of the organization.
This study is an outcome of the topic called “A STUDY ON ATTRITION IN TVS SRI
CHAKRA TYRES” for a period of six weeks. The main objective of this study is to know the
reasons for the employee attrition in the concern and to find the ways to reduce it. It also helps to
know the satisfactory level of employees towards their job and working conditions by which we
can improve the areas in which it lags behind.
The research design used in this study is descriptive research design. The research has
been conducted with the help of primary data. It has been collected through questionnaires. The
responses were received from the executive and above level managers in TVS Sri Chakra Tyres,
Madurai. Totally 87 samples are taken to the study the Attrition level in the organization. The
collected data are compiled, edited and tabulated for the purpose of effective analysis. For
analysis purpose the following statistical tools and techniques has been applied (Frequency
analysis, Correlation, Chi-square).
After analyzing the data, the findings and suggestions to the company are prepared. From
the study it is identified that the lack in growth opportunities and the monetary benefits are the
major problems for the occurrence of attrition in the company. If the recommendations are
implemented by the company, it will help to reduce the level of attrition in the concern.
INTRODUCTION TO THE STUDY
This study on employee attrition was done in TVS Sri Chakra Tyres, Madurai. This
company thinks that there is increase in attrition level nowadays and so they want to find out the
reasons behind attrition. Hence, this study focused on why the Attrition occurs and the possible
ways to reduce it.
The study was mainly undertaken to identify the level of employee’s attitude, the
dissatisfaction factors they face in the organization and for what reason they prefer to change
their job. Once the levels of Employee’s attitude are identified, it would be possible for the
management to take necessary action to reduce attrition level. Their progression in their career
will lead to the success of the Company for the long run.
ATTRITION:
Attrition is defined as "A reduction in the number of employees through retirement,
resignation or death". Attrition, also known as employee churn, employee turnover, or employee
defection, is an industrial term used to describe loss of employees or Man power.
FACTORS INFLUENCIING EMPLOYEES TO QUIT THE JOB:
Employees do not quit the job for a simple reason. There may be a range of reasons to
take this decision. Employees resign for many different reasons. Sometimes it is the attraction of
a new job or the prospect of a period outside the workforce which 'pulls' them; on other
occasions they are 'pushed' due to dissatisfaction in their present jobs to seek alternative
employment.
We have to look in to various factors, which influence this decision. Some of the factors
or reasons are listed below.
Monetary benefits
Working conditions
Selection of the wrong job.
Lack of proper induction / orientation, creates frustration.
Lack of future scope.