India Inc faces high attrition in July-Sept quarter
9 Oct 2012 12:06 AM GMT
India Inc has witnessed attrition rates of as high as 21 per cent during the three months ending September on account of improving job scenario, says a survey.
It is likely to rise further in the coming months, according a survey by recruitment platform MyHiringClub.com.
The average attrition rate grew at 21 per cent in Indian firms during July-September quarter, a rise of 4 percentage points from the preceding quarter [April-June].
'Almost in every industry we had seen attrition rate increase in second quarter of current fiscal year. Major reason for increment in attrition rate is recruitment market is now started gaining momentum to keep in mind of generating more business in current financial year,' MyHiringClub.com CEO Rajesh Kumar said.
The attrition levels were seen in double digits in all the sector.
 It was highest in banking and financial services at 26 per cent, followed by the IT and IT-enabled at 25 per cent, retail [24 per cent], aviation and hospitality [22 per cent], automobile and manufacturing [19 per cent], FMCG [18 per cent] and 16 per cent each in telecom and infrastructure.
The survey, which was conducted among more than 6,500 employees in 10 cities, said that employee having experience between 1and 5 years had highest attrition rate of 32 per cent, while those in the category of more than 15 years job experience had very low attrition rate 19 per cent. PTI
WORK WISE
It is likely to rise further in the coming months, according a survey by recruitment platform MyHiringClub.com.
The average attrition rate grew at 21 per cent in Indian firms during July-September quarter, a rise of 4 percentage points from the preceding quarter [April-June].
'Almost in every industry we had seen attrition rate increase in second quarter of current fiscal year. Major reason for increment in attrition rate is recruitment market is now started gaining momentum to keep in mind of generating more business in current financial year,' MyHiringClub.com CEO Rajesh Kumar said.
The attrition levels were seen in double digits in all the sector.
 It was highest in banking and financial services at 26 per cent, followed by the IT and IT-enabled at 25 per cent, retail [24 per cent], aviation and hospitality [22 per cent], automobile and manufacturing [19 per cent], FMCG [18 per cent] and 16 per cent each in telecom and infrastructure.
The survey, which was conducted among more than 6,500 employees in 10 cities, said that employee having experience between 1and 5 years had highest attrition rate of 32 per cent, while those in the category of more than 15 years job experience had very low attrition rate 19 per cent. PTI
WORK WISE
- The attrition levels were seen in double digits in all the sector
- It was highest in banking and financial services at 26 per cent, followed by the IT and IT-enabled at 25 per cent, retail [24 per cent], aviation and hospitality [22 per cent], automobile and manufacturing [19 per cent], FMCG [18 per cent] and 16 per cent each in telecom and infrastructure
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