Employee-friendly Policies: A Way out to Attrition (With Special Reference to Study of Software Firms in Pune)

India is one of the preferred and well-known places for some of the reputed IT organizations in the world. Human asset is the most valuable asset for IT firms. When a high performing employee leaves the firm it creates a gap in the existing Knowledge and skill of the organization. Therefore it is of paramount importance that thus talent is retained and nurtured in the organization. There are several HR policies that companies currently follow such as providing a better work life balance, performance based benefits, career development programsto retain the workforce and inspite of thispeople doleave organizations, and thus there is a huge pressure on the HR, to come up with some innovative tools, ideas to retain its manpower. Attrition management thus has become all the more important in the present business scenario where organizations always seem to be in scarcity of talent. This paper aims at understanding the importance of attrition management in today's workplace, with reference to Software Firms.