Global Talent Metrics, a global leader in talent technology formally unveiled key findings of India's first and most comprehensive research and survey on factors impacting employee attrition among white collar workers across industries. The research was developed and survey was conducted over the last 12 months and includes responses from 5000 employees of companies across industries. The survey for the first time probes the role of demographic, psychographic and sociological factors in predicting attrition and organizational factors that attract individuals or cause them to leave a company.
The study is the first under the STAR (System for Talent Attraction & Retention) Research series and was carried out in partnership with IIM-Bangalore & AlignMark Inc., a US-based pioneer and leading tools and services provider for optimizing human capital resources. Global Talent Metrics will present the report at the NASSCOM HR Summit in Chennai on July 3rd and 4th.
On the occasion, the company announced the introduction of its pioneering tool STARSELECT 1.0 in the Indian market which gives recruiters the ability to identify early attrition risk candidates.
Talking of the survey and the newly launched tool, Dr Cabot Jaffee, Chairman, Global Talent Metrics, said, "The challenge of attrition though not unique to India is unique and intense in a manner not seen in other markets across the world. StarSelect will allow companies reduce the cost and loss of managerial productivity associated with candidates not starting post offer or leaving within the first 6-9 months".
Formally unveiling the report, Ranjan Sinha, Founder & Chairman, Summit HR Worldwide said, "While there is abundant data on levels and rate of attrition there has been no comprehensive study on the causative factors behind this critical business challenge. Lack of data meant absence of structured approaches to predicting and addressing attrition.
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