Attrition a major challenge

Attrition simply means “A reduction in the number of employees through retirement, resignation or death. “Attrition can be conceptualized in many forms; the two prominent forms of attrition for the constraints of this endeavor are attrition due to employees leaving  Attrition has always been a sensitive issue with firms. Despite offering the highest salaries across all business segments, the industry has been plagued with attrition across the board, particularly in the past few years. This ever-growing wage inflation and attrition rates...

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Infosys's attrition rate crosses 20%

Even as high attrition rates continue to haunt Infosys, the country's second-largest IT services firm is confident of bringing it down to 12-14% in the next two quarters as it gets back to the growth trajectory. The attrition level grew higher to 20.1% in the July-September 2014 quarter as compared to 19.5% in the April-June 2014 quarter and 17.3% in Q2 last fiscal. In comparison, TCS had reported an attrition rate of 12%, while that at Wipro (IT services) and HCL Services stood at about 16% and 15%, respectively, in the April-June 2014 quarter...

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High attrition rates, talent shortage worry recruiters

Talent shortage and high attrition rates are now issues weighing on the minds of recruiters and company chiefs in Asia, as companies expand more aggressively in Asian growth markets. Nearly two-thirds of CEOs based in Asia told consultancy PwC in a survey they face a 'limited supply of candidates with the right skills'. Also, 47 per cent said they lose their top people to competitors. In a report by boutique recruitment agency Ambition Group, about half of the 200 Singaporean executive respondents said attrition rates have risen in 2010 and have...

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