High attrition is posing a huge problem for Indian companies. It is not only time consuming to hire new recruits every quarter, it also directly influences the bottom line figures. To compete successfully in a complex and hostile market, organizations need to learn to retain their top talents. And here's a guide to engage them effectively and convince them that this is the best place to work at!
2. Indian labor market
has one of the world’s
highest attrition rates!
It can even reach up to
50% in some
industries .
3. Attrition Rates in Major IT/Tech. Giants
Even the Best are Fighting!
23%
15.8% 15.7%
13.1%
Wipro Infosys HCL Tech TCS
*Source: Motilal Oswal for June Quarter, 2011-2012
4. 3
What Seems to be the Problem???
Key
Drivers of
Attrition
5. 1. Because they Can!
Young Indians are looking to fast-track their
learning experiences and seniority
6. 2. Market Frenzy
India needs an estimated 2,735 additional managers each
year, and only 1,740 are in the pipeline. Employers are
competing aggressively for their share!
7. 3. Bad Management
53% Indian employees are dissatisfied with their
immediate manager.
*Source: Right Management, 2011