Vedula,
Interesting topic; I'm surprised nobody has tried to help here so far. Anyway, it's not my area of expertise so I won't pretend to be an expert, but there is always a lot to be said for looking at the process from the perspective of theemployee, rather than the employer.
Attrition rates can be tempered by looking at the overall package that is being offered as a whole, and seeing if it is less attractive than similar packages offered within the industry.
Obviously, money is a prime motivator - we all need it (like it or not) and so examining the rates offered by other call / contact centres in your geographical area and also in your market sector is worthwhile - don't pay too much over the going rate, but aimto be perceived as an employer who values the employee.
Other things to look at include working conditions (very important! ensure that people enjoy their work, or at worst do not feel particularly negative toward the tasks they undertake on a daily basis), career progression (it is often good to know that there is a career path within an organisation into which an individual can map their own personal and career development), respect from supervisors/managers (treat the employees with respect otherwise they will feel undervalued), challenge, training and so on.
People move on to new positions for a variety of reasons, and striking a good balance of the everyday factors leads to job satisfaction, which is essential if you wish to keep employees.
Recruitment policy should be tempered to identify individuals who are sound and dependable, show pragmatic approaches to work, do not have a history of moving on every year or so and so on. Don't reject anyone who has moved around, however, it can be a sign of someone gaining a lot of experience. However, be sure to identify the rationale behind such 'active' career moves. Listen to what potential candidates are looking for - do you honestly offer what they seek? If not, they may become dissatisfied or disillusioned and move on.
It's a science and an art in itself, and as one who sees things from the employee side more than from the employer side, it's crucial that you do try to pay attention to the basic needs of individuals - security, money, respect, challenge - and try to maximise good features and minimise bad features of the roles and work environment.
Hope this helps, and also stimulates some more responses...
Let us know how you get on!
John |