A Study Of The Methods And Tools Used By Rajasthan Marudhara Gramin Bank To Minimize Employee Retention And Attrition

Abstract

A key issue in the sector today, attrition is now rather high. It's the main issue that stands out in any organization. While the term "ATTRITION" is frequently utilized, many people are unsure of what it exactly means. According to one definition, attrition is the steady loss of staff due to retirement, resignation, or death. It also called as "employee turnover" or "employee defection.". When a well-trained and welladjusted employee departs an organization, a vacuum is created. As a result, the company loses crucial contacts, important information, expertise, and capabilities. Today's managers and contemporary workers and administrators are extremely interested in reducing organizational attrition in a manner that maximizes the organization's efficiency, growth and development, and advancements. Efforts to keep staff around should be constant and vital. Having managers in place who recognize it is their role to establish and maintain a culture that encourages employees to stay is one of the largest obstacles to employee retention. To develop and stay happy in their jobs, staff need support, guidance, and acknowledgment. Managers need to be aware of this and comprehend that putting in place such essentials indicates their goals of preserving nature and inspiring their workforce. Research conducted on the topic "A study of the methods/tools used by Rajasthan Marudhara Gramin Bank to minimize employee retention and attrition"
resulted to the findings presented here. Finding out what causes attrition is one of the study's primary goals. to determine what causes worker dissatisfaction to learn how satisfied workers are with their duties and working scenarios and recognize problem areas in the banking industry