Friday, January 04, 2008

Attrition rate continues to howl

According Attrition rate continues to howlto an Assocham Eco Pulse Study, the current problem that is halting India to spread it wings and accelerate its growth is the alarming attrition rate especially in the service sector. Sectors like civil aviation, IT & ITeS, financial services, retail & engineering are the major sufferer of this ‘job hopping syndrome’. However, the pro-active steps have helped in putting a speed breaker in the IT & ITeS industry and the attrition has fallen by 10% as compared to the last year, yet it continues to be a massive 25-30%. The study also reveals the most stable employees are the ones that fall in the age bracket of 39-45 years. Another interesting outcome of the survey that comes across is that the fairer sex is less prone to job hopping than men.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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