Why attrition happens?
With tons of efforts (and money) being spent on employee engagement, why the attrition doesn't stop?
"...Average Voluntary attrition (2016-17) stats show the highest attrition was reported by the retail sector in India, with e-commerce being on the higher side with the average voluntary annual attrition of 20.4%, followed by media and advertising (18.5%) and banking and financial services (17.4%)."
A few years ago we had a team of about 150 employees in India; it was when the IT sector was booming. The turnover rate was extremely high, and we realized that the abundance of options, as well as the increasing number of short-lived companies that would pay very high rates, were to blame.
Exit interviews showed that while we could have done better in many ways, the individuals would still leave for the most part.