Journal Press India^®

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Statistics say that the attrition rates jump substantially after annual appraisals and salary hikes. In a survey conducted by a top recruitment agency, 62% of employees were keen on switching jobs post the appraisal season. Out of these, 64% of employees gave unsatisfactory appraisal as the reason for wanting to change their jobs while the rest of them wanted to milk the salary hike and get even better pay packages elsewhere. The fiscal year in India starts on the 1st of April and ends on 31st March. The month of March-April is the annual appraisal season across the different sectors in the country. It is the season most awaited than the monsoon when the amount on your pay check increases a bit and makes your smile a bit wider. Appraisal season is all about your responsibility and hard work would be acknowledged and appreciated. When these efforts and dedication towards your job are evaluated, you may get a promotion too, on top of the salary increment! Employee attrition and candidate absconding are significant business concerns for every organisation, one even bigger than attracting talent. Employee attrition is a serious issue, especially in today’s knowledge-driven marketplace where employees are the most important human capital assets; attrition impacts an organisation’s competitive advantage. It is imperative for every organisation to understand what attracts and retains a potential candidate and predict attrition early (Infant Attrition) in the recruitment process to curtail significant loss of productivity among hiring managers, recruiters and eventual loss of revenue. Post pandemic opportunities have been ample for women with various barriers. Market compensation has drastically changed considering various socio-economic factors.

Keywords

Attrition, Performance Appraisal, Voluntary Exits, Involuntary Exits

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