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____________________________________________
A
Dissertation
Report
On
“Employees Turnover
in IT Sector”
CONTENTS
Topic
index
Page no.
1.
Introduction
7
2.
Research Methodology 8
2.1) Research objectives
2.2) Types of Research
2.3) Data sources
3.
Literature Review
9
4.
Employees Turnover 10
4.1)
Types of employees turnover 11-12
4.2) Causes of high and low turnover
12-15
4.3) Calculation of turnover ratio 15-16
4.4) Measures to reduce turnover 17-18
5. WIPRO Technology Ltd. 18-20
5.1) SWOT analysis 20-21
5.2) Causes of Employees Turnover in
WIPRO 22
6. INFOSYS Ltd. 23
6.1)
SWOT analysis 24-25
6.2)
Causes of Employees Turnover in INFOSYS 25-26
7. Effect of Employees Turnover 26-28
8. Cost due to person leaving 28-31
9. Measures to improve Employees
retention 32
10. Employees retention strategies 33-34
11. Steps taken to reduce Employees Turnover 35
12. Comparative result 36
Findings 37
Recommendation
38
Conclusion 39
References
40
1.
INTRODUCTION
All
businesses, large and small, have some way of keeping track of their finances.
Businesses are constantly looking for more ways to keep expenses low. One
factor that is often overlooked, however, is the cost of employee turnover.
High employee turnover can cost a company more than they might realize in the
long run.
This report
explains some causes of high employee turnover, who it affects the most, and
ways companies can decrease employee turnover in order to cut hidden costs.
Employee turnover occurs when
employees voluntarily leave their jobs and must be replaced. Turnover is
expressed as an annual percentage of the total workforce. For example, 25 percent employee turnover would
mean that one-quarter of a company's workforce at the beginning of the year has
left by the end of the year. Turnover should not to be confused with layoffs, which involve the
termination of employees at the employer's discretion in response to business
conditions such as reduced sales or a merger with another company.
The severity of turnover varies
widely by type of business and the economic health of the region where
companies are located. Innovative high-tech companies and the most successful
manufacturers frequently experience low turnover rates while fast-food
restaurant managers expect turnover to be as high as 50 to 75 percent. As
another example, coal mining companies in sparsely populated regions experience
lower rates of turnover because there are few other job opportunities.
2.
RESEARCH METHODLOGY
2.1Research
objectives
a)
To identify the rate of turnover of “employees”
b)
To identify the causes of employees turnover
c)
To suggest measures to reduce the rate of turnover
d)
To identify the employee
turnover at various IT companies with special focus on Wipro and Infosys
2.2 Research design
The nature of
this report is Exploratory
2.3 Data sources
The data is collected from
secondary sources like books, journals, magazines, websites and newspapers.
CONCLUSION
I
have found through
the analysis that
most of the
industries have faced
the problem of turnover
because of dissatisfaction with
work or working
condition, the Working
hours, workload and
work schedules, incentives,
salaries and the
facility which are
provided to the worker
is not up
to the marks,
as per the
analysis the various
way through which
the industries reduces
their employees turnover
problem, are given below:-
1.
Remove the
barriers and biases
which create unfair
workplace
2.
conducting workers
satisfaction survey, find
specific problem area
to watch and
improve
3.
reduction in
workload and working
hours and more flexible
work patterns were
important to consultants.
4.
Providing a challenging job,
and offering realistic promotion opportunities.
5.
Help employees learn to achieve
the same results in less time through productivity training.
6.
Provide as much job security as
possible .
7.
Frequent reviews and positive
reinforcement reward and encourage high-performing employees.
8.
Maximize opportunities for individual
employees to develop their skills and move on in their careers.
9.
Offering employees an
affordable medical, dental, and vision package in this day and age is a great
way to keep employees happy
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