Higher Attrition Rate – A Critical Challenge Faced by the Human Resources Manager with Reference to Private Insurance Sectors

Abstract :

In today’s arena the Indian economy is on a faster pace, where all the sectors play there role with their potentials. Insurance sectors play one of the important roles in the current scenario. In the recent trends the private insurance sector has gained much importance apart from the public sector undertaking insurance companies. Today, Retention of efficient employees is one of the most critical challenges faced by many corporate worldwide and these private insurance sectors are no exception to this phenomenon. These private insurance sectors are now undergoing one of the critical and foremost challenges that are “Higher Attrition Rate”. The HR managers have been facing a tough time finding a suitable replacement with required experience and ability, to fill up the vacancies created on account of exit of key employees. This paper work throws lights on the reasons and the innovative measures that the human resources department can adopt in order to reduce this higher attrition rate.

Author Name : Dr.T.Vetrivel & P.Prabakaran

Keywords: Attrition, Reasons, Measures.


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