High attrition has been a major concern for the IT sector in India and even the biggies like TCS, Infosys, Wipro, etc are grappling with it. Amidst the increasing demand for IT services, many tech companies in India witnessed a sudden rise in attrition rates during the first quarter of 2022.
In recent times, most tech companies have been recording high attrition rate of around 15%. IT companies like Mastek, and Cyient apparently recorded a high attrition rate during the first quarter of 2022. But, the attrition rate, however, is relatively low for India's largest IT firm Tata Consultancy Services (TCS).
However, there could be some relief in sight for these companies. Citing a report by brokerage firm Anand Rathi, a national portal (livemint) reported that attrition in IT companies is expected to slow down from the fourth quarter (Q4).
According to the report, the attrition rate will slow as companies have boosted their hiring process and some companies have front-loaded hiring.
The report further said that many big companies have been recording strong revenue growth, which is helping them to increase the workforce significantly.
However, the record high headcount and net additions are putting pressure on supply, the report added.
A leading news agency of India tried to analyze data from five different sources to find that there has been significant growth in jobs over the last few years under the PM Modi government. The data derived from Periodic Labour Force Survey (PLFS), EPFO, RBI, National Career Services or NCS portal and various job-intensive schemes, reveals that India has witnessed a growth in jobs and a decline in the unemployment rate over the last few years.
The nation is witnessing a huge number of job scam cases with the majority being from fake job ads. As newspaper remains the traditional and popular way to find job ads, the press council has taken cognizance of the matter.
Are you on the lookout for exciting career opportunities in the public sector? Look no further, as a host of government organizations have recently released notifications for various job vacancies.Irrespective of whether you are an experienced professional or a fresh graduate, there are plenty of openings to explore.
The Central Warehousing Corporation has invited online applications for 154 vacancies in various positions such as Junior Technical Assistant, Assistant Engineer, and Superintendent. Those who are interested and fulfill the eligibility can apply on the CWC's official website, www dot c e w a c o r dot nic dot in, before the deadline of September 24.
A leading news agency of India tried to analyze data from five different sources to find that there has been significant growth in jobs over the last few years under the PM Modi government. The data derived from Periodic Labour Force Survey (PLFS), EPFO, RBI, National Career Services or NCS portal and various job-intensive schemes, reveals that India has witnessed a growth in jobs and a decline in the unemployment rate over the last few years.
The nation is witnessing a huge number of job scam cases with the majority being from fake job ads. As newspaper remains the traditional and popular way to find job ads, the press council has taken cognizance of the matter.
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