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Attrition the bane of India Inc.

Attrition levels in Indian industry as a whole are higher than 20 per cent at present.

By Rishi Joshi | Print Edition: July 15, 2007

High attrition rates are proving to be the Achilles' heel of corporate India. A recent Assocham survey on "Attrition Problem in a Growing Economy" has shown that attrition levels in Indian industry as a whole are higher than 20 per cent at present. The services sector is the worst hit, with attrition rates as high as 40 per cent.

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The manufacturing sector, too, is feeling the pinch; the figure here is about 20 per cent. The problem is most acute with employees in the 26-30 age group with 2-4 years of work experience. And men are more likely to change jobs than women. The war for talent is only going to hot up going forward-India Inc. will face a shortage of 5-6 million professionals over the next five years.

High attrition rates are proving to be the Achilles' heel of corporate India. A recent Assocham survey on "Attrition Problem in a Growing Economy" has shown that attrition levels in Indian industry as a whole are higher than 20 per cent at present. The services sector is the worst hit, with attrition rates as high as 40 per cent.



High attrition rates are proving to be the Achilles' heel of corporate India. A recent Assocham survey on "Attrition Problem in a Growing Economy" has shown that attrition levels in Indian industry as a whole are higher than 20 per cent at present. The services sector is the worst hit, with attrition rates as high as 40 per cent.

 

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