The trend in employee attrition has become a major concern among the IT service providers in India. As demand for tech professionals explodes, a record number of employees are either switching organisations or are planning to.
It is a well-established fact that the attrition rate of leading IT companies in India is now at an all-time high. As a result, companies are facing acute talent crunch as voluntary job switching & resignations are rising.
The IT sector in India is witnessing a yawning demand-supply mismatch in manpower. While the demand for tech professionals and software engineers is increasing, so is the attrition rate.
As demand for digital services explodes, there is a huge demand for IT professionals. This in turn is leaving techies with a lot of options to explore leading to resignations and higher attrition.
The IT sector is facing unprecedented talent crunch as the attrition rate has become one of the biggest concerns for companies.
As the demand for digital talent in the IT sector explodes, a huge number of employees are finding easy to switch jobs. Attrition has been a problem for the IT sector and the current trends are concerning.
IT giant Infosys is all set to expand its hiring programme for freshers following a strong result for the quarter ending September 30, 2021 and a very high attrition rate