This research is focused on “Causes of Attrition and impact on Organizational Performance: A study within Irish Fund Accounting Sector”. Due to the high attrition rate over the past few years, A & B Securities Service firms lost numerous competent employees and worthy talent. The firms had to incur huge costs annually to recruit new employees and train them to fill in the required vacant positions.
Hence the purpose of this study was to have an in-depth analysis of the reasons for the employees to leave the organization and the factors that help employees to remain in the organization. Therefore, the research question for this study being; “What are the causes of attrition? and What is the relationship between organizational performance and employee attrition in Irish Fund Accounting sector?” will help to rectify the areas which an organization should mainly focus on.
Human Resource planning is said to be one of the key functions of Human Resource department as it will determine the required number of employees in future by forecasting and analysing labour supply and demand to achieve the strategic goals and objective of the company. But this is always a daunting task for Human Resource professionals due to the increase of the unexpected high attrition rate.
In a situation where an organization requires a high labour endeavour and when there is insufficient manpower, the organization will have to face many difficulties. Thus, it is the utmost importance for Human Resource professionals to monitor the employee attrition of the organization to avoid unexpected unpleasant situations.
The literature review and methodology supports the research by expanding the understanding of attrition, causes, and motivational factors, impact of organizational performance and finally the benefits and drawback. The findings & recommendations revealed that motivation is the attribute to employee attrition.