Question

essay+on+importance+of+employees+in+organization

Answer 1

Employees are valuable assets of an organization and the key to Success. Employees are valuable assets of an organization and the key to Success.

Employers need to understand that a content and motivated employee has a higher probability of making significant contributions to the organization. It may result in new orders that are won for the organization or even new ideas for the amendment of the product.

A research depicts that the average attrition rate in India is as high as 25%, as the employers fail to meet the expectations of the employee. On the other hand, another report states that the average attrition rate of employees in the Telecom, BFSI, aviation and financial services is about 31% and is tremendously higher in the IT/ITES sector.

Unfortunately remuneration and designation are the chief factors determining the longevity of an employee in an organization. Paucity in opportunities is one of the factors that lead to attrition of the employees. Also, the employee’s relationship with their supervisor plays a key role. Prejudicing and suppressing the growth of an individual leads the employee to search for an alternative.

A survey suggests that employees with experience of less than five years have the highest attrition rate at 39 per cent while the rate is at 27 per cent for employees with 5-10 years of experience and 22 per cent for 10-15 years.