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Reducing attrition rates by Fluid  September 2010
Page 2 Contents 3-4 		Introduction to Fluid 5-6		True cost of attrition 7-8		Increase in organisational performance 9-10		A strategy for retention 11-16	Why are you going?	 17-18	Managing the loss of a ‘constant’ 19-20	Handling a senior resignation 21-22	Exercise A 23-25	Quiz 26-29	Retention initiatives	 30-31	Real-life example 32-33	Job dissatisfaction 34-35	Dispelling the myths-why workers actually 	leave  36-37	Turnover rates by occupation 38-42	What’s a reasonable turnover rate for 	voluntary leavers? 43-45	Diving after those that jump ship 46-47	Motivation 48-49	Keep outgoing employees happy 50-51	Exercise B 52-53	Case studies 54-55	Conclusion and questions
Page 3 Introduction
Page 4 Introduction to Fluid Fluid Consulting Limited (Fluid) is a specialist human resources consultancy headed by Tim Holden MCIPD  10 years in banking 10 years in Human Resources consultancy Fluid trading since 2006 The core services provided by Fluid are: ,[object Object]
Selection-  Attraction -  Remuneration & Reward  -  Outplacement -  Training & HR consultancy
Page 5 True cost of attrition
Page 6 True cost of attrition ,[object Object]
Resignation rate
Stability rate
Survival rate,[object Object]
Page 8 Increase in organisational performance ,[object Object]
Raise levels of morale and motivation
Improve performance of existing employees,[object Object]
Page 10 A strategy for retention ,[object Object]
Making decision on how to combat these various factors
Implementing targeted initiatives,[object Object]
Page 12 ,[object Object]
Change of career
Promotion outside the organisation
Level of pay
Lack of development or career opportunities
Leaving to have/look after children
Redundancy
Retirement
Level of workload
Stress of job/role
Lack of support from line managers
Number of working hoursWhy are you going? 1 of 5
Page 13 ,[object Object]
Inadequate pay
Poor relationship with supervisor/manager
Poor work-life balance
Lack of independence in carrying out the job
Lack of belief in the purpose of the organisation
Lack of confidence in the future of the organisation
Uncomfortable working conditions
Lack of training/developmental opportunities
Promises not kept by management
Uninteresting work/boredom
Lack of teamwork/cooperationWhy are you going? 2 of 5
Page 14 ,[object Object]
Lack of teamwork/cooperation
Uninteresting work/boredom
Promises not kept by managementWhy are you going? 3 of 5
Page 15 ,[object Object]
Lack of promotion opportunities
Inadequate pay
Poor relationship with supervisor/managerWhy are you going? 4 of 5
Page 16 ,[object Object]
When and with whom?
Third party involvement
Six months after leaving
What is done with the data?Why are you going? 5 of 5
Page 17 Managing the loss of a ‘constant’
Page 18 Managing the loss of a ‘constant’ ,[object Object]

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Reducing Attrition Rates by Diagnosing Drivers