[B-SIDE Podcast] Why do staff go away their firm?

In 2023, the Philippine attrition charge and voluntary turnover elevated to fifteen.9% from 14.2% the earlier yr, based on a examine from a danger and employment consultancy firm. Because of this extra staff are leaving their corporations for higher salaries and development alternatives.

From an organization perspective, this can be a potential indicator of dysfunctionality, which might result in additional issues. To handle this difficulty, Kshitij Kohli, Head of Operations at Solar Life International Options, has shared his insights in regards to the causes and impacts of excessive attrition charges for corporations. He additionally mentioned methods that corporations can use to manage their attrition charges and the way they’ll modify to the shifting office demographics.