The gradual loss of employees over a passage of time is
essentially referred to as employee attrition. Needless to say that it is
generally perceived as a negative thing to happen to an organization because of
the costs involved in hiring, recruiting and training an individual.
However, it might come as a surprise, but all attrition are
actually not bad. In certain cases, attrition can also be termed as something
good and desirable. These incidents actually do a lot better for the company in
the long term. Let’s explore the idea of desirable attrition in a little more
detail.
When a business experiences a gradual reduction in its
workforce because personnel is leaving, and management does not do anything to
replace him or her immediately is perceived as employee attrition. But when is
attrition is as a positive move and actually does good for the organization?
Here’s a look.
Try to think from the other perspective as well. For example,
you have 15 employees working for you. Not all of them would be start
performers right? Some will be mediocre and some might be less than that. But
during the hiring process it is not possible to gauge everything perfectly, so
employers often end up hiring them. But, at times many employees are actually
unable to fit into the organizational culture and also end up performing in low
terms. Too much of poor performance for over a long period of time, can hamper
the organization. So, if such employees voluntarily leave the organization, it
is definitely for the good of it.
Yes, there are brighter side of employee attrition as well.
While they may not be applicable in every scenario, but nonetheless they do
have a positive impact on the organization.
Some of them are
explained below:
1. It gives you a chance to figure out what is ‘wrong’ with you
Well, while desirable attrition is
good for the employer, it also gives you a chance to delve into yourself and
figure if there has been any issue pertaining to stuff like employee engagement
and recognition. People leave an organization not only because of the money,
but a lot many things such as environment, a good manager, flexibility, freedom
at workplace and also work-life balance.
2. New blood is good for your business
It is always good to have new people,
young and energetic individuals in your organizations. This is said because,
the more new people you get, and chances are that you would be exposed to more
new and bright ideas. A healthy churn always allows your business to refresh
the talent pool on a regular basis. When certain employees leave, you actually
have the option to explore fresh new talent and get them to join your board.
3. You must be doing something right
If you are at a high-growth industry
and your competitors are always on a lookout to poaching, you must feel good
about it. You must have hired some of the best talent which is why all
employers are eyeing your employees. You should actually feel good about the
entire thing.
4. Shed away excess flab and feel lighter
For most businesses, attrition
figures are anywhere in the range 10 – 35 % (annualized) or more. For employers
expecting a restricted or marginal growth, attrition is a good way to cut
flab—potentially excess and unwanted workforce.
5. Extend your business network further
This kind of a benefit is applicable
for small businesses where one can choose to extend and build a proper network.
When your employees leave and migrate to other firms, obviously your network
extends to other firms. Connections and networking always helps in the
professional domain.
Some companies believe that attrition in any form is not good
for the organization, for it means that there must have been some fault with
the recruitment or hiring process. However, sometimes desirable employee
attrition is good for the employers and must be seen in a positive light for
the overall benefit of the organization.
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