for the current high employee attrition

The multinationals and global organizations of today are notorious for their high attrition rates. Hence, retaining employees has become one of the chief tasks of modern Human Resource Managers. Human Resource Managers feel proud if they are cheap timberland boots for women successful at retaining employees for over a year, to work for companies in which most employees are over a year old. What is it with employees today? Or is it the fault of the organizations? Let us delve deeper into the problem of high employee turnover, to understand it better. Globalization The high employee attrition rate is largely due to globalization. This is a truth, which we have to acknowledge. As globalization has spread all across the world, countries are reporting higher GDPs and economic growth rates. Economies of most nations are bubbling despite occasional meltdowns. Almost all major transnational companies have opened up offices in different countries, across continents in a bid to expand their operations. As a result, there are more options available to the workforce of a nation nowadays than there was, about half-a-century ago. Employees have more opportunities at their disposal to switch jobs for higher salaries and better prospects. Globalization, Airports and Railway Stations Yet another reason why the employee turnover rate has skyrocketed is because widespread globalization has made cities wealthier than what they were. Hence, airports have cropped up in almost all the cities of the globe. Therefore, traveling has become hassle-free and less time-consuming. A person working in Paris can fly to Nice every weekend to meet their family. The person can also take a train to his or her hometown to meet his or her family every weekend as the railway industry too has flourished with globalization. Globalization discount timberlands and Consumerism Globalization has boosted the purchasing power of people. People have become more materialistic as they have more spending power. It is the age of consumerism. People want to earn well so that they can live well and in style. The idea of saving has taken a beating. People of the 21st century would not mind taking loans so that they can buy houses, cars and so that they can holiday in exotic places. Fabulous and well-decorated houses with spacious living rooms, island or modular kitchens, several bedrooms and guest rooms, a basement, a wine cellar, a swimming pool, a games room, and a driveway is what most modern people want, nowadays. Additionally, they want a few cars including one or two racing cars, in their garage. Besides, they want to wear trendy clothes, dine in expensive restaurants, put their kids in expensive private or boarding schools and live in luxury. All this costs money. And so people naturally want to change jobs in order to earn as much as possible so that they are able to pay for their luxurious lifestyles. As soon as they get better offers, they are willing to change. Technology Another timberland boots outlet reason for the current high employee attrition rate is technology. Technology has turned the world into a global village. An employee working in the US can connect with their family in Shanghai through email and video conferencing in a jiffy. Modern connectivity software is very hi-tech and user-friendly so that people do not face any problems while chatting with their friends, family members, and colleagues across seas and oceans. 33