Today’s knowledge hub i.e. Higher Educational Institutions (HEIs) is adamant tough due to its knowledge pillars i.e. faculty, students and education. In this dynamic era of industrialization, education was untouched by its few implications. There is a great demand to analyze attrition and retention in a holistic manner. Low faculty retention rate leaves a negative impact on Students’ Learning Outcome (SLOs), which might be, due to salary, work culture, environment, peer etc. On the other side, Faculty Attrition delivers best outcome for scholars, colleagues, organizations and society. A hard truth lies with HEIs, that faculty wages lag significantly low as compared to the industry. Recognition and remunerations with reference to faculty qualification and achievements is still lagging. Concluding, today’s era is facing great challenge in faculty attrition and post-pandemic era has added layers of complexity. This review presents a holistic overview of diverse factors responsible for attrition and retention – compensation & rewards, job security, training & developments, supervisor support culture, work environment and organization justice etc.