Job-related stress is one of the causes which contribute to the high rate of turnover among the employees. The level of satisfaction in a particular job is also another major reason for the high rate of turnover. Most of the employees remain dissatisfied with the work that they perform and they feel that it does not meet their self-actualization needs. Research has provided an insight to show that the level of compensation that the employees get from their present employer is not satisfactory or the perquisites are not up to the industry standards. This forces the employees to shift to a new organization. On the other hand, in that case, that manufacturing organization or the companies that involve jobs that may expose the employees to a variety of risks, the employees may feel obliged to leave because of the hazardous working conditions they have been subjected to.
The companies may have their own attrition policies and may decide to downsize from time to time. There might be different reasons which might vary across the departments for the attrition of the employees. For example, a company serving in the financial software services may not require the previous set of employees due to the introduction of a new technology. E-Commerce Organization Amazon.
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