Saturday, January 21

right organization for your job

 

Tips:

The interview is like dating. We dress to impress and showcase our best qualities. Sometimes we hit it off with the interviewer and then there are times where we have to play hard to get because desperation is not a good color on anybody.

Remember that you are also interviewing the company to see whether you’d fit in well. Know that the company needs you as much as you need them. So, know your worth.

Don’t forget to do thorough research of the company before the interview. During the interview, subtly mention what you know and what you like about the company. Again, it’s like dating and everyone likes to be flattered.

Give the interviewer time to sell themselves too. You could also ask questions about benefits, frequency of performance reviews and raises, perks, etc.

Make sure you mention your salary expectation in the first interview. Again, know your worth. If your expectations are not met, negotiate. Be ready to even turn down the job because if the company doesn’t see your worth, maybe it is not the best fit for you.

virtual interview

 

 Tips.

  1. First, find a corner that is neat and distraction free. A well-lit room is preferable for the interviewer to see you clearly. Ensure that you lock the door from the inside so as to avoid any distraction from your family members or your pet.
  2. First impressions last. So, even though this may be a virtual interview, you’d still need to dress accordingly. Choose something that shows that you are a professional.
  3. Update your resume. Highlight the skills that you think would be a good conversation piece during the interview. 
  4. Do a thorough research on the company you are about to interview for. Go through their social media profiles to get a gist of the work environment and management. 
  5. Body language is still very important even in a virtual interview. Make eye contact with the interviewer when you speak and listen. Be comfortable when you sit on your chair but not too comfortable that you slouch.
  6. Log in early. This will show the interviewer your punctuality and dedication.
  7. After the interview, make sure you send an email to the interviewer thanking them for their time and that you hope to hear from them soon. This will further show your professionalism.

Top IT jobs

 

1. Blockchain Dev.:

The role of a blockchain developer is to build the architecture of blockchain systems. This includes optimizing blockchain protocols and to develop web apps among others by using blockchain technology. This job is one of the best IT jobs Which is in high demand in technologically advanced cities such as New Delhi and Mumbai. To be a blockchain developer one must master skills such as smart contract, hyper ledger, solidarity, and Node.js.

2. JavaScript Developers:

The role of a JavaScript developer is to handle a website’s programming. Necessary skills include knowledge of JavaScript/ jQuery, Hypertext Markup Language (HTML), Cascading Style Sheets (CSS), CSS Preprocessing, Version Control/Git, Front End Frameworks, Debugging, AngularJS, MongoDB, and React Native. Bangalore and Mumbai are always on the lookout for good JavaScript developers.

3. Back-end Dev.:

This Type of Developer’s Job comes next on our list of the Top IT jobs in India. The back-end developer is responsible is to write the web services and APIs used by front-end developers and mobile application developers. To be a back-end developer, one must have adequate knowledge of HTML, CSS, Node.js, MongoDB, JavaScript, and MySQL. The chances of finding the perfect back-end developer job are higher in New Delhi, Mumbai and Bangalore.

4. Robotics  Engg.:

The main role is to develop software for robot control and automation. As long as you have the necessary skills in Robotic process automation, Ui Path, Blue Prism, Automation Anywhere, robotics, and SQL, there are many job openings in Chennai and Gurgaon.

5. Cyber Security:

Specialists are in high demand in many organizations. Their main role is to provide security for computer systems to avoid hacking, malware, viruses, and other cybercrimes. Skills in web applications, system administration. Coding (C, C++. Java, PHP, Perl, Ruby, Python) and certificates in CISSP, CEH, and Comp TIA Security, you can apply for this job. Mumbai and Gurgaon are actively hiring for cybersecurity
specialists.

6. Python Dev.:

Python Developers Jobs is one of the Best IT jobs in India. The developer is responsible to develop back-end components to improve overall performance. You need to possess skills such as grasping the knowledge of front-end technologies (HTML5, CSS3, JavaScript), python frameworks, ORM (Object Relational Mapper) such as SQL Alchemy and Django ORM, AI, and Machine Learning to name a few.

7. Lead Generation Specialists:

Cities like Pune and Bangalore are always in need of Lead Generation Specialists. Their main responsibility is to acquire and evaluate new leads via outbound calls and emails. To be a lead generation specialist, you would need to have a good knowledge of business development, digital marketing, email marketing, CRM, and market research.

System Administrator Salary

 In this modern time, Linux has matured and has made a name for itself in the IT community. The demand for a Linux System Administrator is quite high, not only in India but all over the globe. So, in this blog, we are going to take a closer look at who a Linux System Administrator is and the Average Linux System Administrator Salary in India for freshers and experienced candidates.

Role 

Well, the role of a Linux System Administrator is to take care of computers running on the Linux operating systems. This includes compiling, patching, securing, and troubleshooting Linux servers in diverse settings. He or she will have to detect and fix issues utilizing monitoring systems and ensure that the systems are updated with changing technologies.

Average Salary 

The chances of finding employment are quite good. Plus, the pay is lucrative. The national average salary for Linux Administrators in India is ₹4,77,104 per year.

Whether you are a fresher or someone who has been a Linux Administrator for a while, the salary varies depending on location, type of job, experience as well as demand.

Average total compensation in India

  • The average salary for Linux Administrator in India for fresher (0-1 year of experience):  – ₹246,815 (based on 84 salaries).
  • 1-4 years of experience – ₹368,505 (based on 597 salaries).
  • 5-9 years of experience – ₹619,295 (based on 234 salaries). 
  • 10-19 years of experience  – ₹909,839 (based on 64 salaries).

Big organizations, including many Fortune 500 companies, are now utilizing Linux and open-source software. So, they are always on the lookout for people with Linux skills.

Area of applications for Linux Administrator

  1. Desktop Application Development
  2. Kernel & Device Drivers Development
  3. Web Development & Deployment
  4. Systems Administration
  5. Systems Architecture or Engineering.

System Administrator

 

Job opportunities as a Linux Administrator.

Linux System Administrator has been in demand in the IT industry for a while now, even in India.

If you are from the IT industry, Linux System Administrator needs no introduction. To put it mildly, the role of a Linux System Administrator is to take care of computers running on the Linux operating systems. This includes compiling, patching, securing, and troubleshooting Linux servers in diverse settings. He or she will have to detect and fix issues utilizing monitoring systems and ensure that the systems are updated with changing technologies.

Since its first release in 1991 by Linus Torvalds, Linux has become a vital part of the IT industry.

According to a Linux Jobs Report in 2014 by the Linux Foundation, the demand for those with Linux skills was quite high, so much so that searching for Linux talent went up to 77% from 70% in 2018 as it was a top priority for employers and recruiters. In fact, 97% of employers/recruiters report that they will hire more Linux-skilled professionals compared to other skills.

There are a plethora of job opportunities for a Linux System Administrator. From MNCs to startups to top-notch companies, there are many employers who are on the lookout for Linux System Administrator. In India, many MNCs have set out their offshore offices in India. In places like Bangalore, Chennai, and Delhi NCR, the demand is higher.

Your future as a Linux System Administrator is quite bright as there are a plethora of job openings for this post all over India. The best part about being a Linux System Administrator is that aside from the Linux platform, there is a wide area of applications such as Desktop Application Development, Kernel & Device Drivers Development, Web Development & Deployment, Systems Administration, and Systems Architecture or Engineering where they can utilize their skills and grow.

Wednesday, December 14

What to List As Your ?

 Highlighting the strengths that you possess in your resume goes a long way in determining whether you are the right fit for the job or the company. However, you cannot randomly list all the strengths that you have or don’t have, as it can make your resume cluttered and too lengthy.

Here, we shall discuss the importance of listing out the right strengths in resumes and share some examples of strengths you can add to your resume.

So, buckle up and let’s begin!

Importance Of Showcasing Strengths In Resume

You may be asking yourself, “Why is it important to mention strengths in resumes”? Well, mentioning strength in a resume or preferably more is important because then the employer/hiring manager/recruiter will be able to understand if you are the right person for the position and their company. Your highlighted strengths will be able to tell them what you will be able to bring to the table. Once they realise that you possess the right skills or capabilities, they will be more willing to contact you for an interview.

List Of Strengths You Can Add To Your Resume (With Examples)

Take a look at the list of strengths and the examples below to know which would be best to showcase in your resume.

Communication skills

Nowadays, almost all employers prefer to hire someone who communicates well over someone who doesn’t. This is because for a team to work well together and jobs are done correctly, communicating effectively with team members and supervisors is the key. For those with good communication skills, be it written or verbal, showcasing it as your strength will get the recruiter’s attention. It will increase your chances of getting called for interviews.

Example: You have successfully helped bring more customers, or if you have written blogs for your company website, you could credit it to your communication skills.

Strong Work Ethics

Mentioning that you have a strong work ethic will let hiring managers know that your hard work will allow you always to perform your best and get the job done right and on time. Who wouldn’t want to hire such a person?

Example:  If you are someone who makes sure that you always meet your deadlines and daily targets or always give it your all no matter the task, consider yourself someone with a strong work ethic.

Leadership Skills

You must always include leadership skills as your strength for those applying for management positions. As a manager or team leader, you will be expected to oversee a team; leadership quality is a must-have for someone in that position.

Example: If you have successfully delegated tasks to your team or helped your company increase sales, you can showcase those as examples of your strength in your resume.

Creativity

Many job roles require creative people to think outside the box and conceive new ideas. For instance, a graphic designer or social media specialist must constantly think innovatively to stand out from the crowd.

Example: You can mention the time you were able to beat a competitor because of your trailblazing idea or how your designs have won awards or something along those lines.

Adaptability

Mentioning adaptability in your resume among your strengths will let the hiring managers know that you are a versatile person who can easily adapt to new changes or environments. Many employers prefer to hire someone who they will be able to cross-train, and for that, they need someone flexible.

Example: You can mention how you are always open to learning new things as a strength in your resume.

Punctuality

No employer wants to hire someone who is tardy or always misses their deadline. So, punctuality is a trait every hiring manager looks for in a candidate.

Example: Write down how you are never late to work or meet deadlines in your resume as your strength.

Public Speaking Skills

Public speaking is useful when dealing with a team as you will need to share your opinions and present your ideas during team meetings. It is also important for those in managerial positions to have this skill because they will often have to stand and talk in front of their team or others. Those with this skill can clearly articulate their ideas and thoughts, which is why employers are more likely to hire candidates with this trait.

Example: In your resume, you can highlight how you once stood in front of a crowd to deliver a particular speech.

Truthfulness/Honesty

As the saying goes, “Honesty is the best policy” employers want to hire candidates who can truthfully tell them how their project is progressing without lying and making excuses. Moreover, they want someone they can trust with either minor or significant tasks. So, mentioning honesty as your strength in your resume could be a bonus point for you.

Example: Mention your ability to honestly yet professionally express your ideas and thoughts for the growth of the company as your strength in your resume.

Customer Service Skills

In the business world, you will have to deal with customers and clients almost daily. You will often have to sort customers’ queries or complaints and do them professionally so as not to taint your company’s name or reputation. So, customer service skills are a must, especially for positions where your duties and responsibilities are frequently interacting with customers or clients.

Example: Highlight how you can easily connect and empathise with customers to provide exceptional service in your resume.

Patience

Whether you are a team leader or a team member, there will be times when you will experience setbacks in the progress of your work. How you handle the delay is very important. Acting out irrationally will only portray you as an impatient and unprofessional person. So, patience is a trait employers want to see in their employees.

Example: You can mention how you patiently waited for a delayed assignment and how you motivated or helped the person responsible so that he would be able to complete his task much faster as your strength in your resume.

Dedication Or Commitment

A committed or dedicated employee is likelier to be loyal to his company and work with them for a long time. His dedication to the company also implies that he is a hard-working person. Companies want to hire someone who will be able to commit to their work and the company. So, we advise that you showcase this as your strength in your resume.

Example: If you have worked with your previous company for a long period, mention that as your strength in your resume.

Active Listening Skills

Active listening is a skill that every working professional must try to develop, especially for those who deal with customers and clients or those holding managerial positions such as HR manager or supervisor. When you listen actively when someone is speaking to you, you can understand more than the words coming out of their mouth, and they would also feel like they are being heard. It is an essential skill to have for conflict resolution.

Example: Include a time when you solved a customer’s complaint by actively listening and empathising with them in your resume as an example of your strength.

Self-Motivation

A person who can motivate himself to do a good job is someone productive and easy to manage. Hiring managers look for such a person because they know that he will be able to promptly complete tasks assigned to him. So, it would not hurt to add an example of someone self-motivated to your resume.

Example: You can mention when you had to handle two major projects within a limited time and how you motivated yourself and completed both tasks on time as an example of your strength in your resume.

Reliability Or Trustworthiness

There are times when clients need companies to sign Non-Disclosure Agreements. So, employers want to hire someone they can trust and rely on not to share confidential information with any third party. This is a trait that those who hold multiple and bigger responsibilities must have.

Example: If you have ever been in charge of maintaining sensitive files, you can highlight that as your strength.

Open-Mindedness

Open-minded people are open to new ideas or experiences, indicating that they can easily adapt to changes. Hiring managers often look for candidates who will be able to accept new processes or policies, or environments. So, to showcase this strength, if possible.

Example: As your strength in your resume, mention that you’re open to learning new technologies.

Attention To Detail

A detail-oriented person ensures that every little detail of a project is free of error and complete to get a good outcome or result. Many companies like to be careful to ensure that they deliver quality service or products, so they look for candidates who pay close attention to every detail.

Example: In your resume, you can mention that you always triple-check your work to see if you miss out on any detail or make an error to fix it before submitting your assignments.

Flexibility

By being flexible, a candidate means that he is open to changes. This could include flexible working hours or changes in technologies, trends or new ideas. Many professions require candidates to be able to keep up with the latest developments and trends and adapt accordingly. MNCs usually look for candidates who will be able to work rotating shifts. So, flexibility is an important strength in the world of work.

Example: You can showcase how you can readily accept shift timings or your willingness to relocate if necessary in your resume as your strength.

Logical Thinking Skills

Positions that come with a lot of stress require someone who can analyse a situation when a crisis occurs and find the best course of action to fix it. Logical thinking is a skill that recruiters look for in candidates who will have complex job roles. This is a particularly good strength for those in the IT sector.

Example: You can add to your resume that you prefer to process facts to develop practical solutions rather than relying solely on your emotions.

Teamwork Or Team Player

A team must work as a well-oiled machine to complete projects on time and deliver them without any error. If you are applying for a job that involves a team, mentioning that you are a team player will let hiring managers know that you are the right person for the job and that you will fit in well with the company culture.

Example: To showcase that being a team player is your strength in your resume, mention that you collaborated with your team members in your previous company to deliver assignments on time or before the deadline successfully.

People Skills

Also known as interpersonal skill, people skill is a must-have for those working in the hospitality, tourism and sales industries. People with this skill have empathy, understanding and active listening skills. As people skills help maintain good relationships between coworkers and customers or clients, hiring managers would prefer candidates who possess these skills.

Example: As your strength in your resume, you can mention how you can easily communicate and connect with people.

Multitasking

Companies with limited resources or budgets tend to lean towards candidates who can perform many duties and responsibilities. Moreover, for managerial positions, it is important to be able to multitask to build an efficient workflow. So, multitasking is a strength sought-after by employers in their employees.

Example: If you want to add multitasking as your strength to your resume, you can mention how you can work on different projects simultaneously without hampering your workflow or missing deadlines.

Emotional Intelligence

Also known as emotional quotient or EQ,  emotional intelligence allows you to understand, manage and utilise your emotions in a healthy way. This ability helps relieve stress, overcome hardships, understand others and resolve conflicts.  So, it is a necessary strength in the workplace, so employers often hire candidates with this skill.

Example: You can add that you were able to keep calm whilst trying to inspire and motivate your teammates when crises occur at work.

Time Management Skills

Those who have good time management skills are more likely to be more productive and produce good results as they can manage to set a proper timetable for themselves to be more efficient. Any company would want to go for someone whose time management skill is their strength.

Example: Including how you always make a to-do list for each day to get more high-quality work done in your resume would make for good strength.

Conflict Resolution

When applying for a managerial position or in the Human Resources department, we advise you to mention how you resolve conflicts to demonstrate this skill as your strength. For a work environment to be peaceful and for employees to work efficiently, the leader must know how to deal with misunderstandings and arguments.

Example: To let hiring managers know that conflict resolution is your strength, mention an instance where you successfully resolved a conflict between two colleagues where both came to a mutual understanding.

Professionalism

In the world of work, you are expected to be professional, be it towards your coworkers, customers or clients. Professionalism includes everything from your behaviour and body language to what you wear or say. As hiring managers want someone who can present themselves in the most professional way possible, they also want employees who would be able to represent them.

For example: To highlight professionalism as your strength, mention how you always ensure the clients are satisfied with your service.

Goal Oriented

A goal-oriented or result-driven person is determined to reach their goal or complete their task to get results. This is useful for those whose role entails meeting daily, weekly or monthly targets.

Example: To add goal-oriented or result-driven as your strength in your resume, you can include hitting your sales quota every month.

Problem Solving Skills

People who have good problem-solving skills can easily identify errors or problems, analyse them and brainstorm to find the best solution to fix them. As crises can occur at any time in a workplace, employers would rather choose candidates who can solve problems quicker than those who tend to just dwell on the problem.

Example: To demonstrate problem-solving as your strength, you can mention that you used your analysis skills to figure out how your company could attract older customers, which increased your sales by 20%.

Management Skills

For those applying for a managerial, team lead or supervisor position, you must showcase your management skills as one of your biggest strengths as you will most likely be overseeing or managing a team.

Example: To show that you possess management skills in your resume, mention that you managed a group of 10-15 people in your last organisation or that you had the opportunity to be an acting manager for some time.

Determination

A determined person works hard to complete the tasks given to him. Due to his determination, he also wants to deliver high-quality work. Such a person can influence others around him, thus prompting them to work hard. Moreover, they contribute a great deal towards the success of their team and the company. It is no surprise that employers look for such quality in their candidates.

Example: If you want to showcase determination as your strength in your resume, a good example would be mentioning how you always follow up with your existing and potential clients to increase sales.

Decision-Making Skills

Making decisions doesn’t come easily for everyone in fear of making the wrong ones. Professionals who hold higher positions have to make many decisions, and not all are easy. They should be able to make the right decision considering every detail and option. So, hiring managers often go for those who possess such skills.

Example: If you want to include decision-making skills as your strength in your resume, a good example would be mentioning how you often assigned tasks to your team and the basis of your decisions.

Presentation Skills

Most team members will be expected to present their ideas and opinions in a team meeting. If they do a bad job at it, it can be a waste of other people’s time. To give an effective, engaging, informative, and insightful presentation, one must have good presentation skills. People applying for positions requiring you to communicate in front of people often can add presentation skills as their strength in a resume.

Example: Mentioning how your class presentation was a huge success would show the hiring manager that presentation skills are your strength.

Organisational Skills

Organisational skills allow people to be systematised in their jobs so they can plan their schedules and complete their work in an effective and orderly manner.  It allows them to keep track of their work and be one step ahead for the next assignment. As it boosts productivity, employers want their employees to be organised.

Example: To showcase that you have organisational skills in your resume, you can mention how you arrange your tasks according to the priority or how you create separate files for each team of your team member’s daily work.

Project Management

Project management skills allow project managers or other managers to lead their teams to complete assignments at a given time without exceeding the budget allotted for each project.  This skill helps the company in saving money and in getting positive results. Those applying for managerial positions must have project management skills.

Example: To showcase your knowledge of product management as your strength in your resume, you can talk about how you successfully delegated tasks to your team and completed the project on time with a limited budget.

Marketing Skills

The world of business requires professionals who have marketing skills to promote products and services to increase sales. Those who possess this skill have good communication and negotiation skills. If you are planning to go into sales or digital marketing, you can showcase an example of your marketing skills in your resume to get the recruiter’s attention.

Example: You can use your experience in managing social media campaigns to create brand awareness and increase your company’s sales to demonstrate your strength.

Persuasion

Team leaders and supervisors must be persuasive as it can influence your team members to get the job done effectively and accurately. Moreover, this ability allows people to easily sell services or products, recruit team members and boost productivity.

Example: Mentioning how you, a salesperson, can always meet your target daily by convincing people to buy your product in your resume will let the hiring manager see that you have strong persuasion skills.

Complex Problem Solving

Solving complex problems is not an ability that all people have. Hence, employers are always on the lookout for employees who can help identify their problems and implement solutions to fix them.

Example: If you want to highlight your complex problem-solving skills as your strength in your resume, you can mention how you used your critical thinking skills to fix your company’s hardware system.

Writing Skills

As more and more companies are moving towards digital transformation, the need for people with good writing skills has increased significantly. Brands need candidates to explain and promote their products and services to consumers. So, demonstrating your writing skills as an example of your strength in your resume can help in getting the recruiter’s attention.

Example: Mentioning that the blog you have written for your previous organisation ranked well on Google in your resume will let hiring managers know that you have good writing skills.

Negotiation Skills

Negotiation skills come in handy when you need to make a compromise with your customer, client or vendor. It will help you negotiate with the other party to reach a logical solution or understanding. Employers look for candidates with good communication and negotiation skills because they can help build strong relationships with their customers, clients or vendors.

What Is Attrition Rate

 No wonder a company’s success is highly dependent on its workforce. Work needs people, and people need work. As simple as it may sound, there’s an intricate relationship between people (employees) and work (the organisation at large), and a deep understanding of the nitty-gritty surrounding such a relationship is quintessential for effective human resource strategy and the overall performance and growth prospect of the company in a rather competitive labour market. One such metric widely used to gauge workforce data is the employee attrition rate.

This article aims to keep you well-versed with attrition and related concepts and how they together impact an organisation.

What Is Attrition Rate?

The attrition rate, also known as the Churn rate, is the measurement used to see how many customers or employees leave a company or an organisation. One of the purposes of calculating the attrition rate is for hiring managers to see how many open positions are available. The calculation of this rate includes taking into account how many customers/employees have exited the company, which is then divided by the total number of customers/employees within a specific time period.

What is an Employee Attrition Rate?

In its simplest terms, an employee attrition rate is the rate at which an employee leaves an organisation (say, a corporate), thus creating a vacancy in the strength of the workforce. It is also often termed a ‘churn rate’. It directly reflects on the number of employees who leave a company during a particular period and indirectly reflects on how many employees stay.

What Is Customer Attrition Rate?

Customer churn rate is a standard of measurement used by companies to see if they can retain their customer. To calculate this, companies take a specific period of time and then divide the number of customers they had at the beginning of that time period by the number of customers they still have at the end of the same time frame. This metric also helps the company analyse how many customers have stopped or continue using a specific service or product.

Also Read: How Do You Handle Stress And Pressure

causes of attrition rate?

Several factors are at play when it comes to employees leaving a company:

Wage

Salary is the most deciding factor in the labour market; more often than not, employees won’t stick with a low-paying job. Most times, people change their workplace for better/fair wages, especially among freshers. Difficulty in pay raises can also push employees to resign.

Room for Personal Growth

Universally nobody thrives in a monotonous work environment, and a hierarchical organisational structure often leaves no room for one to climb the promotional ladder. Another reason is that the company often doesn’t emphasise capacity building for upskilling. A survey suggests that 90% of employees would stay if the company just gave room for upskilling, coupled with promotions.

Work Culture

Human resource not only looks into the strength of employees but gives equal importance to the work culture itself. Negative work culture is one of the strongest deciding factors of attrition. For instance, sexual harassment, toxic employee competition, working overtime, gossiping etc.

Work-related Stress

Balancing our professional life with our personal life is not an easy task. Employees experiencing occupational stress is a large-scale push factor for people to change their

jobs. E.g. Marital issues, alcoholism, health problems etc., coupled with a heavy workload.

Recognition

Due to the rigid hierarchical nature of most organisations, employees at the lower strata often feel unappreciated for their “low-cost, high-impact activities”. This can seriously affect employees’ morale and motivation to continue working for the company.

How to calculate an Employee Attrition Rate?

To calculate an employee attrition rate, one must first collate the following set of data:-

  • A particular period within which the movement of employees is to be calculated. It can be monthly, quarterly or yearly.
  • An average number of employees within the said period.
  • An absolute number of employees have left the organisation within the said period.

Using the following formula, we can easily calculate our employee attrition rate expressed in percentages.

Employee Attrition Rate = No. Of employees leaving ÷ Average no. of employees × 100

Advantages Of Understanding Attrition Rate

Calculating attrition rate has many advantages, such as:

Finding out why employees leave

It can help the company in understanding the reasons that employees are leaving their company. The reasons range from work environment to pay or benefits to job satisfaction, among others.

Improvement in hiring process

Once the company possesses the data containing the reasons employees leave the company, it helps them in their hiring process. It can help them understand which area they need to improve to hire good employees and retain their existing ones. For instance, if one of the reasons employees are leaving their company, they can consider improving in that area.

Cost effective

The company can determine how many employees they need to hire at a time using the churn rate. This will help them employ just the right number of people required for the time being, which will further help them save their hiring budget. Moreover, it can help them save their time, energy and money as they will not have to spend too much time training new joiners.

Enhancing overall productivity

When the company hires just the number of employees they need, it gives them more time to focus on other responsibilities rather than spending time constantly training new joinees. Moreover, hiring the right amount of people prevents existing employees from working overtime and experiencing burnout. This will improve their productivity and job satisfaction.

What Is A Good Attrition Rate?

It’s hard to give a specific number as a good churn rate differs depending on the type and size of the company as well as the circumstances of the industry (for example, peak season for hospitality and tourism). However, companies should try to maintain an attrition rate not lower than 10%.

The best way to determine a good attrition rate for your company is to focus on the numbers during a specific period, like 1-2 years or quarterly. You can then compare this with the previous data of the same time period.

Average attrition rate

An average attrition rate may be about 10%. One should note that the attrition rate in the organization can even vary from department to department. Companies should take steps before the attrition rate turns higher and impacts the performance of the organization. Understanding the attrition rate will help you understand what steps you need to take for the betterment of your organization and lower the churn rate.

Also Read: Flexible Staffing in India

Low attrition rate

A low attrition rate implies that the employees stay in the organization long. It can indicate that the company has a better chance of retaining its employees. The low employee attrition rate can significantly impact the operations and sales of the business. Organizations should conduct employee engagement and training programs and provide employees with good salary packages to retain them.

High attrition rate

A high Churn rate occurs when the employees are unsatisfied with their work roles. Lack of compensation, exceeding workload pressure, management issues, and overtime are some of the common reasons why employees often look for a switch. If the company has a high attrition rate, it may even impact the organisation’s reputation. Management should take this as a sign and listen to the needs of their employees. If there is a need for overtime to meet deadlines, the management should consider offering the employees paid benefits, hosting events or offering incentives to keep them engaged and satisfied.

Holiday Gift Guide: Unique Finds for Everyone on Your List

  Holiday Gift Guide is all about finding unique and thoughtful presents that cater to different tastes and needs. Whether you’re shopping ...