MBA PROJECT BOYZ
The IT industry is being looked upon as the next big employment generator (Itrequires 1.1 million job requirement by the year 2010). It is however no easy task for an HRmanager in this sector to bridge the ever increasing demand and supply gap of professionals.Unlike software industry counterpart, the IT HR manager is not only required to fulfill thisresponsibility, but also find the right kind of people who can keep pace with the unique work patterns in this industry. The toughest concern for an HR manager is however the highattrition rate. So this situation requires a full fledged study on attrition and retentionmanagement in Speridian Technologies.Main aim of this study is to factors affecting attrition and to identify the retentionaspects.The study was designed to be descriptive in nature. Descriptive research includessurvey and fact finding enquires of different kinds. The study will come under the type of cross sectional study. Universe of the study refers to the employees in SperidianTechnologies. The total population is 42. The whole universe is taken for the study. So thereis no sample design required for this study. Primary data has collected through a surveymethod from the employees. The respondents were asked to take any one of the options givenfor each statement in the questionnaire and assured that the responses will be keptconfidential and used only for academic purpose.
Tools Used For Data Analysis
Weighted Average MethodRecruiting a new employee is costlier than retaining the existing ones. The best organizationsfocus on retaining and getting the best out of every employee. The real objective of any
company is to retain only those people who contribute to the company’s p
erformance interms of improving the quality of goods and services, or increasing the level of customer