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High Employee Turnover in the Tech Sector – Lessons from Future Fusion Innovations

Book Title: Case Chronicles

Editors:  Prof. Dr. Shraddha S. Bhandwalkar, Dr. Deepali S. Ubale and Dr. Shubhada A. Athavale

ISBN:  978-81-980078-8-9

Chapter: 9

DOI: https://doi.org/10.59646/cc9/274

Author: Ms. Aparna C. Khutale

Abstract

Future Fusion Innovations, a leading technology firm recognized for its ground-breaking work in artificial intelligence, cloud computing, and cybersecurity, is facing a critical challenge despite its impressive growth and global reach. The company has become a significant player in the tech industry, driven by its commitment to innovation and excellence. However, a high employee turnover rate, particularly among its vital technical and engineering teams, has emerged as a major concern. Addressing this challenge is crucial for Future Fusion Innovations to ensure its long-term stability and continued leadership in the technology sector. A SWOT analysis reveals that while the company’s strong HR structure, global reach, and commitment to employee development are significant strengths, the high turnover rate exposes weaknesses that could undermine these advantages. By focusing on opportunities such as enhancing employee retention strategies, investing in leadership development, and expanding its global talent pool, the company can mitigate the risks posed by a competitive job market and potential damage to its reputation. Successfully navigating these challenges will be key to sustaining Future Fusion Innovations’ reputation as a pioneer in technology and securing its future growth.
Keywords: Employee engagement, talent retention, high turnover, compensation packages, career development, HR practices, organizational loyalty

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