Attrition Rates IT Sector India

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Attrition Rates IT Sector India

  1. 1. <ul><ul><li>Over 40 per cent of India's workforce will quit their current jobs within the next six months - TimesJobs.Com </li></ul></ul><ul><ul><li>Attrition rate is the biggest threat to corporate security in India because of competing interests Businessline.com </li></ul></ul><ul><ul><li>The cost of hiring a fresh employee is 7 times more than retaining an existing employee. </li></ul></ul><ul><ul><li>On average, attrition costs companies 18 months ’ salary for each manager or professional who leaves </li></ul></ul><ul><li>(1). i.e Infosys, which had appox 7,833 - Ipsos-Reid </li></ul><ul><li>(2) leaving in Q1 of 2010 and an avg. Pay package of 5.7lk per annum - DQ-IDC Salary Survey </li></ul><ul><li>(3), lost 446cr. in 3 months! Economic times </li></ul>
  2. 2. Attrition Rate (%) = (E / T) * 100 E = No. Of employees left in a month T = Total number of employees in a month
  3. 6. <ul><li>Bonds – Mainly 2 Years </li></ul><ul><li>Empowerment through decentralization </li></ul><ul><li>Flexible Timings </li></ul><ul><li>Employee Welfare Measures </li></ul><ul><li>Performance Based Incentives </li></ul><ul><li>Continuous Feedbacks </li></ul><ul><li>Open Door Policy </li></ul><ul><li>Regular Training </li></ul><ul><li>Team Building Exercise </li></ul>
  4. 8. <ul><li>Employee First Customer Second. </li></ul><ul><li>Designing the work culture in such a way that the diverse backgrounds are </li></ul><ul><li>Dealt with. </li></ul><ul><li>Motivation, Recognition, Exposure </li></ul><ul><li>Quarterly Feedbacks Exit Interview Feedbacks </li></ul><ul><li>Proper balance between Professional and Personal relationship with the </li></ul><ul><li>employee </li></ul><ul><li>Subsidize Education and Certification </li></ul>
  5. 9. <ul><li>CREDITS </li></ul><ul><li>Project Submitted By : </li></ul><ul><li>Abhimanyu Sahai PGP01003 </li></ul><ul><li>Arun Marik PGP01014 </li></ul><ul><li>K Sandeep Goud PGP01019 </li></ul><ul><li>Kapil Agrawal PGP01020 </li></ul><ul><li>Ritesh Kumar PGP01032 </li></ul><ul><li>Sourabh Modi PGP01040 </li></ul><ul><li>Swati Choudhari PGP01043 </li></ul><ul><li>Project Mentored By: </li></ul><ul><li>Proff. Pushpendra Priyadrshi </li></ul><ul><li>Special Thanks TO: </li></ul><ul><li>Our Friends from Industry </li></ul><ul><li>All PGP students who have experience </li></ul>THANK YOU ALL
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