Bangalore (Economic Times): Industry estimates that the attrition levels in smaller Indian IT companies average around 25-30 %, levels that are a nightmare for them. In the case of large technology firms, though there has been a sequential growth in attrition rates, they are at manageable levels of around 14-17 %. Follow up:
As attrition rates in the IT sector rises, the worst hit are the mid-sized and smaller companies as a consequence of the massive recruitment drive undertaken by their larger rivals. The prime recruitment targets are for people with 4-8 years of experience. Read more......
Hat tip to Sanjeev Kulkarni.