Attrition rates among India's leading IT companies have risen sharply over the past few months. This has posed great challenges for IT companies.
Even today, the attrition rate in IT companies has been a major concern.
Amidst the ever-increasing demand in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital sector, recruitment is also on the rise. On the one hand, the demand in the IT industry is constantly increasing and the attrition rate is also increasing.
The attrition rate will increase
Despite the various attractive announcements made by IT companies to curb this attrition rate, the rate continues to rise day by day.
UnearthInsight, according to the report, said this bad attrition rate could continue into the second half of the next fiscal year.
One in 5 can leave
According to UnearthInsight, the attrition rate is expected to be 17-19% in the second half of fiscal 2022.
One in every five employees is more likely to leave. It is noteworthy that in the last 6 months this rate has been up to 30%.
Bad at Cognizant
Cognizant reported a 33% increase in its appraisal rate in the september quarter compared to other companies.
At the same time, the inflation rate of Infosys has gone up to 20%. The attrition rate of the same HCL technology has increased to 15.7%.
TCS company trend
However, there is some comfort in the fact that TCS, the country's first IT company, has an attrition rate of 15.7%.
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Although it appears to be lower compared to other companies, it was 8.6% in the first quarter. It can be seen that the attrition rate continues to increase despite the low.
