Attrition rates are at an all-time high in the Indian IT sector due to cost overloads and margin pressures, As per their financial results, the top 3 companies hired over 50,000 employees in the first quarter 2022-23 due to high attrition.
Is there a reason why Indian IT workers switch jobs so often?
Compared to other industries, Indian IT companies have higher attrition rates. Employees believe that in the same company for more than 1-2 years, growth opportunities are very limited. Any of the top Indian IT companies is no longer growing as fast as it used to and the industry is highly competitive.
Why are Indian IT companies suffering record attrition rates?
