A Study of Attrition in IT Industries In Pune

The most immediate concern facing the industry is the increasing levels of attrition. High attrition is big HR challenge faced by software industry. It gives sleepless nights to human resource manager. Most software companies suffer high attrition. It reflects a company’s internal strength and weaknesses and Company’s ability. Organization also faces difficulties in retaining the existing employees as well as attracting potential employees. Managing attrition is becoming increasingly important, not only because knowledge professionals, but also staffing costs are one of the largest expenses regularly charged to the budget of a company in the software companies. When one counts salaries, benefits, bonuses, training and other personnel costs, companies invest a great deal of resources in their employees. Thus, attrition becomes a two-fold issue, one that’s cost related and the second, retaining much needed and often, experienced talent. This study is conducted to find out the main causes behind the increase in employee attrition in software Industries and to find out the ways to control attrition. The study was carried out in software companies in Pune. In this study opinion of 100 employees was taken for the analysis. The survey of 100 employees reveal that those having average age of 24-28 years and the experience between 2to4 years are having higher percentage of attrition. Findings of the studies are attrition rate was increased because of dissatisfaction with pay, lack of career advancement, compensation& boss relation.