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A Study on Nurturing Sustainable Strategies for Managing Attrition among Gen Z Employees

In: Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)

Author

Listed:
  • T. Monika

    (Hindustan Institute of Technology and Science, Research Scholar, School of Management)

  • Densingh Joshua Israel

    (Hindustan Institute of Technology and Science, Associate Professor, School of Management)

Abstract

Attrition is simply the reduction of the number of employees in an organization calculated for every particular time. According to various studies, among today’s employees, this is higher compared to the previous generations. It differs from one organization to the other according to the system that is followed in each as well as varies from one demography to another. On that note studying the new generation who are called Gen Z or Zommers or iGen, becomes very important. Attrition impacts the companies’ corporate system as it leaves them with losses and sometimes debts. This is one of the major reasons organizations lose trust in their new generation and recruit them for a low salary package. On the other hand, Gen Z feels that companies are exploiting them with lower wages so they don’t stay in any particular company for more than 6 months to 1 year which again affects the company. So attrition turns out to be a cyclic process and to reduce it organizations have to work according to the new generation of employees that is Gen Z. This paper will focus on different characteristics of Gen Z on attitude and behavioral aspects and the challenges faced by them in an organization. The study will further highlight sustainable strategies that can be used by an organization to curb attrition among Gen Z.

Suggested Citation

  • T. Monika & Densingh Joshua Israel, 2024. "A Study on Nurturing Sustainable Strategies for Managing Attrition among Gen Z Employees," Advances in Economics, Business and Management Research, in: Meena Rani Nimmagadda & Catherine S. & Praseeda Challapalli & V. Sasirekha (ed.), Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023), pages 634-640, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-374-0_54
    DOI: 10.2991/978-94-6463-374-0_54
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